Osprey Oyster Hut is a restaurant that serves outstanding se…

Osprey Oyster Hut is a restaurant that serves outstanding seafood. The following table provides data concerning the company’s costs (q refers to the number of meals served): Formula Cost of ingredients $17.50q Wages and salaries $33,000 Utilities $800 + $0.20q Rent $13,000 Miscellaneous $900 + $0.80q Assume that Osprey actually served [meals] meals last month. Also assume that Osprey had planned on serving 2,900 meals last month.  At the end of the month Osprey determined that they had a favorable flexible budget spending variance of $[VAR] for the Cost of Ingredients line item.  How much did Osprey actually spend on ingredients during the month? 

Questions 24 and 25 are based on the following information:…

Questions 24 and 25 are based on the following information: The information below will be repeated with both questions for your convenience (so you do not have to go back to the original question to access the information), ABC Co. makes widgets. During the month of September, the company produced and sold 1,000 units. The company established the following cost formulas for its selling expenses:  Fixed cost per month Variable cost per unit sold Advertising $1,300        n/a Shipping expenses        n/a   $1.85  The planning budget for September was based on producing and selling 1,100 units.  Actual advertising and shipping expenses in September were $1,200 and  $2,100, respectively. What is the flexible budget spending variance related to advertising?