The following overhead data are for a department of a large company.
|
Actual Costs Incurred
|
Static 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.