Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help answer multiple-choice question with explanation please BE CAREFUL The following is monthly budgeted cost and activity information for two activities in the purchasing department

image text in transcribedhelp answer multiple-choice question with explanation please

BE CAREFUL The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Company: Variable Costs Activity Supplier relations Invoicing $8,400 $13,350 Fixed Costs $15,700 $26,100 Cost Driver 300 suppliers 890 invoices In November, actual costs and activity were as follows: Total Costs Activity Supplier relations Invoicing $24,410 $39,138 Driver Amount 316 suppliers 830 invoices What was the flexible budget variance for the invoicing activity for November (assume that favorable variances are positive numbers and unfavorable variances are negative numbers)? A: $-26,688 B: $-25,788 C: $-13,038 D: $-588 E: $0 F: $312

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Process Modeling Simulation And Design

Authors: Manuel Laguna, Johan Marklund

3rd Edition

1138061735, 978-1138061736

More Books

Students also viewed these Accounting questions