Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Company: Activity Supplier relations Invoicing Variable Costs
The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Company: Activity Supplier relations Invoicing Variable Costs $10,000 $13,350 Fixed Costs $16,000 $27,500 Cost Driver 400 suppliers 890 invoices In November, actual costs and activity were as follows: Total Costs Activity Supplier relations Invoicing $27,253 $41,017 Driver Amount 421 suppliers 855 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)? C: $-11,253 D: $-1,253|| OE: $-728 F: $0 OA: $-17,253 B: $-16,728 Submit Answer Tries 0/99
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started