FINANCIAL+MANAG.ACCT.(LL)-W/ACCESS
9th Edition
ISBN: 9781264624829
Author: Wild
Publisher: MCG
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Chapter 21, Problem 2DQ
To determine
Fixed Budget Performance Report:
The report which is prepared to compare the expected results with the actual results is referred as fixed budget performance report.
Flexible Budget:
This budget uses various formulas to equalize various fluctuations in the actual revenue of the company and various other activities.
To identify: Purpose of flexible budget for managers.
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