(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) 800 750

Variable costs:

Indirect materials $6,850 $6,600

Electricity $1,312 $1,275

Fixed costs:

Administration $3,570 $3,700

Rent $3,320 $3,200

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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