Answer:
Spending variance= $43 favorable
Explanation:
Giving the following information:
Standard:
Fixed costs= $210
Variable cost per job= $86
Variable cost per meal= $15
The actual activity was 28 jobs and 217 meals. The actual cost for catering supplies in March was $5,830.
To calculate the spending variance, we need to use the following formula:
Spending variance= (actual costs - standard costs)
Standard costs= 210 + 28*86 + 15*217= 5,873
Spending variance= 5,830 - 5,873
Spending variance= $43 favorable