The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Company:VariableFixedActivitySupplierrelationsInvoicingrelationsIn November, actual costs and activity were as follows:Costs Costs$15,200$7,020$10,500ActivitySupplier$28,700TotalCosts Amount$23,897$39,207CostDriver260suppliers750invoicesDriver314 suppliers735 invoicesInvoicingWhat was the flexible budget variance for the supplier relations activity for November (assume that favorable variances arepositive numbers and unfavorable variances are negative numbers)?

A budget is an estimate of income and expenditures for a given future period of time, and it is…

The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Compa Fixed Activity Supplier relations relations Variable Costs $7,020 $10,500 Invoicing In November, actual costs and activity were as follows: Activity Supplier Costs $15,200 $28,700 Total Costs Amount $23,897 $39,207 Cost Driver 260 suppliers 750 invoices Driver 314 suppliers 735 invoices Invoicing What was the flexible budget variance for the supplier relations activity for November (assume that favorable variances are positive numbers and unfavorable variances are negative numbers)?

The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Compa Fixed Activity Supplier relations relations Variable Costs $7,020 $10,500 Invoicing In November, actual costs and activity were as follows: Activity Supplier Costs $15,200 $28,700 Total Costs Amount $23,897 $39,207 Cost Driver 260 suppliers 750 invoices Driver 314 suppliers 735 invoices Invoicing What was the flexible budget variance for the supplier relations activity for November (assume that favorable variances are positive numbers and unfavorable variances are negative numbers)?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter23: Flexible Budgeting (flexbud)

Section: Chapter Questions

Problem 4R

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