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alina1380 [7]
3 years ago
5

Company is a popular car-wash operation that measures its activity in terms of number of cars washed. Last month, the budgeted l

evel of activity was 1,240 cars washed and the actual level of activity was 1,230 cars washed. The cost formula for the washing expenses is $4.80 per car washed plus $26,000 per month. The actual washing expense was $25,000.
Required:
What was the spending variance for the washing expenses last month?
Business
1 answer:
SSSSS [86.1K]3 years ago
5 0

Answer:

the spending variance is $6,904 favorable

Explanation:

The computation of the spending variance is as follows;

Budgeted Expense is

= 1,230 cars × $4.80 per car + $26,000

=  $5,904 + $26,000

= $31,904

And, the actual expense is $25,000

Therefore, the spending variance is

= $31,904 - $25,00

= $6,904

Therefore, the spending variance is $6,904 favorable

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