Flexible Budget Performance report: A Flexible budget is prepared to find the standard revenues and costs at the actual level of activity. A Flexible budget is calculated using the actual level of activity and standard revenue and costs per activity. A Flexible budget shows the standard figures for the actual level of activity. A flexible budget performance report is prepared to compare the actual figures with the standard figures for the same level of activity. In other words, the flexible budget performance report shows the Flexible budget variance . The analysis that Flexible budget performance report helps the management to do

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Chapter 23, Problem 4DQ

To determine

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Flexible Budget Performance report:

A Flexible budget is prepared to find the standard revenues and costs at the actual level of activity. A Flexible budget is calculated using the actual level of activity and standard revenue and costs per activity. A Flexible budget shows the standard figures for the actual level of activity. A flexible budget performance report is prepared to compare the actual figures with the standard figures for the same level of activity. In other words, the flexible budget performance report shows the Flexible budget variance.

The analysis that Flexible budget performance report helps the management to do

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