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    Flexible budget performance report

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    (TCO C) 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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    Solution Summary

    The solution explains how to prepare a flexible budget performance report