Question - Pato incorporated has a budget department that analyzes variances from it's budgeted data. The data from the current month is presented below. From the data provided, please provide Pluto's executive team with a flexible budget analysis that shows spending variances. (NOTE: Activity Variances are not required.)
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Actual Costs Incurred
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Planning Budget
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Activity level (in units)
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500
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450
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Variable costs:
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Indirect materials
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$5,950
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$5,382
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Electricity
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$1,112
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$1,008
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Fixed costs:
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Administration
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$2,770
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$2,800
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Rent
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$5,120
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$5,100
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