Refer to the data in Exercise 11-7. AutoPutz, Gmbh’s actual level of activity during August was 8,300 cars, although the owner had constructed his static budget for the month assuming the level of activity would be 8,200 cars. The actual overhead costs incurred during August are given below:

Data from Exercise 11-7

Actual Costs

Incurred for

8,300 Cars

Variable overhead costs:

Cleaning supplies . . . . . . . . . . . €6,350

Electricity . . . . . . . . . . . . . . . . . . €4,865

Maintenance . . . . . . . . . . . . . . . €1,600

Fixed overhead costs:

Operator wages . . . . . . . . . . . . . €10,050

Depreciation . . . . . . . . . . . . . . . €20,200

Rent . . . . . . . . . . . . . . . . . . . . . . €8,000

Required:

Prepare a flexible budget performance report for both the variable and fixed overhead costs for August. Use Exhibit 11–4 in the chapter as your guide.

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AutoPutz, Gmbh Flexible Budget Cost Activity (cars) Formula Overhead Costs (per car) 7,000 8,000 9,000 Variable overhead costs: Cleaning supplies.... Electricity ... Maintenance.. € 6,000 ? 4,800 1,200 Total variable overhead cost Fixed overhead costs: Operator wages Depreciation . 10,000 ? 20,000 Rent 8,000 Total fixed overhead cost Total overhead cost