Larance Detailing's cost formula for its materials and supplies is $2,230 per month plus $1 per vehicle. For the month of November, the company planned for activity of 75 vehicles, but the actual level of activity was 25 vehicles. The actual materials and supplies cost for the month was $2,160.

What is the spending variance for materials and supplies in November?

A. $145 F
B. $145 U
C. $95 F
D. $95 U

Question

26-06-2025
Business

High School

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Larance Detailing's cost formula for its materials and supplies is $2,230 per month plus $1 per vehicle. For the month of November, the company planned for activity of 75 vehicles, but the actual level of activity was 25 vehicles. The actual materials and supplies cost for the month was $2,160.

What is the spending variance for materials and supplies in November?

A. $145 F
B. $145 U
C. $95 F
D. $95 U

Answer :

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Final answer:

The spending variance for Larance Detailing is calculated by comparing the expected cost of materials and supplies at the actual activity level with the actual cost. It is $95 favorable since they spent less than expected when the actual level of activity was 25 vehicles instead of the planned 75 vehicles.

Explanation:

The calculation of the spending variance for materials and supplies involves comparing the budgeted costs to the actual costs. Larance Detailing's cost formula is $2,230 per month plus $1 per vehicle. If the planned activity was 75 vehicles, the budgeted cost for materials and supplies would be $2,230 + ($1 \times 75) = $2,305. However, the actual level of activity was 25 vehicles, so the expected cost at this activity level would be $2,230 + ($1 \times 25) = $2,255. The actual cost was $2,160. Therefore, the spending variance is $2,255 - $2,160 = $95, and since the actual cost was lower than the expected cost, this variance is favorable. So, the answer is C. $95 F.

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