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Forums › ACCA Forums › ACCA MA Management Accounting Forums › Flexed Budget
Please I don’t understand how to solve this.
Accompany uses flexed budget. The fixed budget last month was based on 100% activity level and showed material cost of $200,000. Last month actual material cost were$120,000 n showed a favourable variance of $5000 when compared with the flexed budget. What was the actual level of activity last month as a %.
Answer- 62.5%
Thank you
