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
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter9: Profit Planning And Flexible Budgets
Section: Chapter Questions
Problem 48BEB: Performance Report Based on Budgeted and Actual Levels of Production Balboa Company budgeted...
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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)?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F62ef4338-0c9e-4b24-8609-77122903df1f%2Fb749f627-35eb-45fc-8230-9ca14d85a302%2Fash9je7_processed.jpeg&w=3840&q=75)
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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