Gayner Corporation is an oil well service company that measures its output by thenumber of wells serviced. The company has provided the following fixed and variablecost estimates that it uses for budgeting purposes and the actual results of operationsfor November.VariableActualFixed ElementElement perTotal forper MonthNovemberWell Serviced4,300 $148,400RevenueEmployee salaries and1,000 $006wages0092$20,200Servicing materials$29,60030,300Other expensesWhen the company prepared its planning budget at the beginning of November, itassumed that 30 wells would have been serviced. However, 34 wells were actuallyserviced during November.The spending variance for "Servicing materials" for November would have been closest to:MacBook AirいDD888delete8.69%24%24%24%24%24 serviced during November.The spend vari for "Servicing materials" for November would have been closest to:O $2,200 UnfavorableO $200 UnfavorableO $2,200 FavorableO $200 FavorableMacBook Air888F5F6&Hこの

A spending variance seems to be the difference between the estimated cost and the real cost of an…

Answered: for November. Variable Actual Fixed…

for November. Variable Actual Fixed Element Element per Total for per Month Well Serviced November Revenue $ 4,300 $ 148,400 Employee salaries and 48,900 1,000 $ 84,000 wages %24 %24

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter19: Support Department And Joint Cost Allocation

Section: Chapter Questions

Problem 2CMA: Adam Corporation manufactures computer tables and has the following budgeted indirect manufacturing...

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