Please help me The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Company:VariableCostsActivityFixedCostDriverCostsSupplierrelations$7,020$15,200260suppliers750invoicesInvoicing$10,500$28,700In November, actual costs and activity were as follows:ActivityTotalDriverCosts AmountSupplierrelations$23,897314 suppliersInvoicing$39,207735 invoicesWhat was the flexible budget variance for the supplier relations activity for November (assume that favorable variances arepositive numbers and unfavorable variances are negative numbers)?

Answer with workings are as follows:

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

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter23: Flexible Budgeting (flexbud)

Section: Chapter Questions

Problem 4R

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