question archive The following overhead data are for a department of a large company
Subject:AccountingPrice: Bought3
The following overhead data are for a department of a large company.Actual Costs IncurredStatic BudgetActivity level (in units)500450Variable costs: Indirect materials$5,950$5,382 Electricity$1,112$1,008Fixed costs: Administration$2,770$2,800 Rent$5,120$5,100Required: Construct a flexible budget performance report that would be useful in assessing how well costs were controlled in this department.