(Answered) Question - the following overhead data are for a department

Accounting

Question - The following overhead data are for a department of a large company.

Actual costs Static

Incurred budget

Activity level (in units) 360 340

Variable costs:

Indirect materials $4,182 $4,148

Electricity $2,536 $2,414

Fixed costs:

Administration $6,540 $6,500

Rent $6,310 $6,400

Required: Construct a flexible budget performance report that would be useful in assessing how well costs were controlled in this department.

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