Flexible-budget variances

Reference no: EM13258025

The systems consulting department of Johnson Swimwear designs data collecting, encoding, and reporting systems to fit the needs of other departments within the company. An overall cost driver isthe number of requests made to the systems consulting department.The expected variable cost of handling a request was $500, and the number of requests expected for June 20X1 was 75. Johnson budget edits monthly fixed costs for the department (salaries, equipment depreciation, space costs) at $65,000.

The actual number of requests serviced by systems consulting in June 20X1 was 90, and the total costs incurred by the department were $116,000. Of that amount, $76,000 was for fixed costs.

Compute the static budget variances and the flexible-budget variances for variable and fixed costs for the systems consulting department for June 20X1.

Reference no: EM13258025

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