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A company uses flexed budgets. The fixed budget last month was based on 100% activity level and showed material cost of $200,000. Last months actual cost were $120,000 and showed a favourable variance of $5000 when compared to the flexed budget. What was the actual level of activity last month as a %?
can i see a calculation please?The flexed budgeted cost for last month must have been $125,000.
If 100% activity gives 200,000, then 125,000 must be 125000/200000 = 62.5%
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