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Assume wages is a variable cost. In the planning budget, it was estimated to be...

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Accounting

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Assume wages is a variable cost. In the planning budget, it was estimated to be $35,000 , for 1,000 client visits(activity level). Actual client visits totaled 950. Actual wages totaled $32,000. Which of the following statements are true? Select ALL that apply. The flexible budget amount for wages is $33,250. The spending variance for wages is $1,250 U. The activity variance for wages is $1,750 F. The revenue variance for wages is $1,250 F

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