Flexible Budget: Flexible budget is prepared to find the standard revenues and costs at actual level of activity. 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 is prepared to compare the actual figures with the standard figures for the same level of activity. To Indicate: The Difference between the budget performance reports for plant manager and the budget performance reports for supervisor

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Chapter 14, Problem 3CDQ

To determine

Concept Introduction:

Flexible Budget:

Flexible budget is prepared to find the standard revenues and costs at actual level of activity. 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 is prepared to compare the actual figures with the standard figures for the same level of activity.

To Indicate:

The Difference between the budget performance reports for plant manager and the budget performance reports for supervisor

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