Question
Nic Saybin Enterprises' accounting department collects all pertinent monthly operating data. Selected data are presented below for the current month. From the data provided, please
Nic Saybin Enterprises' accounting department collects all pertinent monthly operating data. Selected data are presented below for the current month. From the data provided, please provide Saybin Enterprises' management with a flexible budget analysis to see how costs were controlled.
| Actual Costs Incurred | Static Budget | |
| Activity level (in units) | 755,000 | 746,500 |
|
|
| |
| Variable costs: |
|
|
| Indirect materials | $328,997 | $325,640 |
| Utilities | $174,332 | $171,890 |
| Fixed costs: |
|
|
| General and administrative | $237,985 | $244,908 |
| Rent | $135,500 | $135,000 |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
