1. (TCO C) Silver City, Inc., has collected the following operating information below for its current month's activity. Using this information, prepare a flexible budget analysis to determine how well Silver City performed in terms of cost control. Actual Costs Incurred Static Budget Activity level (in units) 5,250 5,178 Variable Costs: Indirect materials $24,182 $23,476 Utilities $22,356 $22,674 Fixed Costs: Administration $63,450 $65,500 Rent $65,317 $63,904
1. (TCO C) Silver City, Inc., has collected the following
operating information below for its current month's activity. Using
this information, prepare a flexible budget analysis to determine
how well Silver City performed in terms of cost control. Actual
Costs IncurredStatic BudgetActivity level (in units) 5,250 5,178
Variable Costs:Indirect materials $24,182 $23,476 Utilities $22,356
$22,674 Fixed Costs:Administration $63,450 $65,500 Rent $65,317
$63,904
