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Merric Company uses an activity-based costing system. Four activities have been identified. The setup activity...

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Accounting

Merric Company uses an activity-based costing system. Four activities have been identified. The setup activity uses the number of setups as its cost driver. The following budget information is available for this activity:

Fixed costs per month

$240,000
Variable cost per setup

$ 5,400

The company expects to perform 25 setups in May. Refer to Figure 11-5. Actual costs incurred were $246,000 fixed and $144,000 variable. If the actual number of setups in May was 30, what is the activity-based flexible budget variance?

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