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.

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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