Medlar Corporation's static planning budget for June appears below. The company bases its budgets on...
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Accounting
Medlar Corporation's static planning budget for June appears below. The company bases its budgets on machine-hours.
Budgeted number of machine-hours
8,900
Supplies (@ $2.20 per machine-hour)
$ 19,580
Power (@ $3.80 per machine-hour)
33,820
Salaries
26,700
Equipment depreciation
39,160
Total
$ 119,260
In June, the actual number of machine-hours was 9,300, the actual supplies cost was $19,760, the actual power cost was $35,720, the actual salaries cost was $27,130, and the actual equipment depreciation was $39,430.
What should be the spending variance for supplies cost in the flexible budget performance report for the month ?
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