The following overhead data are for a department in a large company.
|
Actual Costs
|
Static
|
|
Incurred
|
Budget
|
|
Activity level (in units)
|
400
|
380
|
|
Variable costs:
|
|
|
|
Indirect materials
|
$9,050
|
$8,132
|
|
Power
|
$2,540
|
$2,394
|
|
Fixed costs:
|
|
|
|
Administration
|
$5,080
|
$5,100
|
|
Rent
|
$8,590
|
$8,600
|
Required:
Prepare a report that would be useful in assessing how well costs were controlled in this department.