1.
Concept Introduction:
Flexible budget: Flexible budget is a budget that shows budgeted revenue and expenses at a different level of activity. Revenue and variable cost are easily computed by just multiplying the cost per unit by the activity levels. Where else, the fixed cost remains constant irrespective of the activity levels.
To Prepare: The flexible budget for spending variance and activity variance for the Company LT.
2.
Concept Introduction:
Flexible budget: Flexible budget is a budget that shows budgeted revenue and expenses at a different level of activity. Revenue and variable cost are easily computed by just multiplying the cost per unit by the activity levels. Where else, the fixed cost remains constant irrespective of the activity levels.
To Evaluate: The cost control report.
3.
Flexible budget: Flexible budget is a budget that shows budgeted revenue and expenses at a different level of activity. Revenue and variable cost are easily computed by just multiplying the cost per unit by the activity levels. Where else, the fixed cost remains constant irrespective of the activity levels.
To discuss: Whether the cost of new products is accurate or additional performance of a particular product is required.
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