Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

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

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

Financial And Accounting Principles In Islamic Finance

Authors: Samir Alamad

1st Edition

3030162982, 9783030162986

More Books

Students also viewed these Accounting questions