Activity based costing flexible budget variances for finance function activities FastGrocery com an online company that delivers groceries to its customers has the following information for its three finance activities in 2008 The output measure is the number of deliveries, which is the same as the number of remittances The following is additional information 1 Calculate the flexible budget variance for each activity in 2008 2 Calculate the price and efficiency variances for each activity in 2008 Rate per Unit of Cost Driver Static Budget Actual $0 80 Level Driver Cost Remittances Invoices Travel claims Activity Activity Output unit Batch Batch Receivables Payables Travel expenses S0 639 2 900 2 85 7 600 7 45

Question: Activity-based costing flexible-budget variances for finance-function activities. FastGrocery.com an online company that delivers groceries to its customers has the following information for its three finance

Activity-based costing flexible-budget variances for finance-function activities. FastGrocery.com an online company that delivers groceries to its customers has the following information for its three finance activities in 2008:

Rate per Unit of Cost Driver Static Budget Actual $0.80 Level Driver Cost Remittances Invoices Travel claims Activity Ac

The output measure is the number of deliveries, which is the same as the number of remittances. The following is additional information.

Rate per Unit of Cost Driver Static Budget Actual $0.80 Level Driver

1. Calculate the flexible-budget variance for each activity in 2008.

2. Calculate the price and efficiency variances for each activity in 2008.

Rate per Unit of Cost Driver Static Budget Actual $0.80 Level Driver Cost Remittances Invoices Travel claims Activity Activity Output unit Batch Batch Receivables Payables Travel expenses S0.639 2.900 2.85 7.600 7.45

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