Photo Framing's cost formula for its supplies cost is $1,200 per month plus $20 per frame. For the month of November, the company planned for activity of 618 frames, but the actual level of activity was 610 frames. The actual supplies cost for the month was $13,850. The spending variance for supplies cost in November would be closest to:

Direct material spending variance= $451.4 unfavorable

Explanation:

Giving the following information:

Photo Framing's cost formula for its supplies cost is $1,200 per month plus $20 per frame.

Actual level of activity was 610 frames. The actual supplies cost for the month was $13,850.

To calculate the spending variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Actual price= (13,850 - 1,200)/610= $20.74

Direct material price variance= (20 - 20.74)*610

Direct material price variance= $451.4 unfavorable

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

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