Answer: $516 F
Calculations:
Flexible Budget for Supplies | |||||
Actual | x | Budgeted rate | = | Total | |
12 jobs | x | $108 | = | $1,296 | |
111 meals | x | $28 | = | $3,108 | |
Total variable cost | $4,404 | ||||
Total fixed cost | $480 | ||||
Total | $4,884 |
Spending variance for supplies = Actual cost - Flexible budget = $5,400 - $4,884 = $516 F
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