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Question - Pato incorporated has a budget department that analyzes variances from it's budgeted data. The data from the current month is presented below. From the data provided, please provide Pluto's executive team with a flexible budget analysis that shows spending variances. (NOTE: Activity Variances are not required.)


Actual Costs Incurred

Planning Budget

Activity level (in units)

500

450




Variable costs:



Indirect materials

$5,950

$5,382

Electricity

$1,112

$1,008

Fixed costs:



Administration

$2,770

$2,800

Rent

$5,120

$5,100

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