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28 Sep 2019
***please type out the answer
Bay Company has collected the following operating informationbelow for its current month's activity. Using this information,prepare a flexible budget analysis to determine how well Bayperformed in terms of cost control. The flexible budget shouldcontain columns for actual costs incurred, flexible budget, andvariance. Please indicate if the variance is favorable orunfavorable.
Actual CostsIncurred Static Budget
Activity level inunits 5,200 5,000
Variable costs:
Indirectmaterials $53,500 $50,000
Utilities 20,400 20,000
Fixed costs:
Administration 44,000 40,000
Rent 32,000 30,000
***please type out the answer
Bay Company has collected the following operating informationbelow for its current month's activity. Using this information,prepare a flexible budget analysis to determine how well Bayperformed in terms of cost control. The flexible budget shouldcontain columns for actual costs incurred, flexible budget, andvariance. Please indicate if the variance is favorable orunfavorable.
Actual CostsIncurred Static Budget
Activity level inunits 5,200 5,000
Variable costs:
Indirectmaterials $53,500 $50,000
Utilities 20,400 20,000
Fixed costs:
Administration 44,000 40,000
Rent 32,000 30,000
Reid WolffLv2
28 Sep 2019