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Compare actual performance with budgeted performance based on the actual sales volume.
What is a flexible budget performance report? A flexible budget performance report compares actual performance data with budgeted figures that have been adjusted (flexed) for the actual level of output or activity. But a flexible budget report goes a step beyond just flexing the budget.
Question: A flexible budget performance report compares: Multiple Choice Actual performance and standard costs at the budgeted sales volume. Actual performance and budgeted performance based on actual activity level. Actual performance over several periods.
What is a Flexible Budget Performance Report? A flexible budget performance report is used to compare actual results for a period to the budgeted results generated by a flexible budget.
Budget and actual performance based on budgeted sales volume. Rolling budgets for different periods of time. Actual performance over several months. A company's flexible budget for 9,000 units of production showed sales, $90,000; variable costs, $22,500; and fixed costs, 31,000 .
A flexible budget is a budget at more than one level of activity, and it specifically shows how either profits or total costs differ across the different levels of activity. And typically, the levels of activity have to do with sales volume or production volume.
Definition: A flexible budget performance report is a management report that compares the actual revenues and costs for a period with the budgeted revenues and costs based on the actual sales volume.