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The following is monthly budgeted cost and activity information for two activities in the purchasing department of x Company: Variable Fixed Costs Cost Driver Activity Costs Supplier relations 260 suppliers $7,020 $15,200 Invoicing $10,500 $28,700 750 Invoices In November, actual costs and activity were as follows: Total Costs Amount Driver Activity

The following is monthly budgeted cost and activity information for two activities in the purchasing department of x Company: Variable Fixed Costs Cost Driver Activity Costs Supplier relations 260 suppliers $7,020 $15,200 Invoicing $10,500 $28,700 750 Invoices In November, actual costs and activity were as follows: Total Costs Amount Driver Activity

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Company: Variable Costs Activity Fixed Cost Driver Costs Supplier relations $7,020 $15,200 260 suppliers 750 invoices Invoicing $10,500 $28,700 In November, actual costs and activity were as follows: Activity Total Driver Costs Amount Supplier relations $23,897 314 suppliers Invoicing $39,207 735 invoices 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)?
Transcribed Image Text:The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Company: Variable Costs Activity Fixed Cost Driver Costs Supplier relations $7,020 $15,200 260 suppliers 750 invoices Invoicing $10,500 $28,700 In November, actual costs and activity were as follows: Activity Total Driver Costs Amount Supplier relations $23,897 314 suppliers Invoicing $39,207 735 invoices 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)?
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