Problem:
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.