1.
Introduction:
Under a flexible budget, compare the actual performance (revenues and costs) with the budgeted performance (revenues and costs) a flexible budget performance report is used by a business enterprise at several levels of activity.
A flexible budget performance report for the year that represents both spending and activity variances.
2.
Introduction:
Spending variance:
A spending variance refers to the difference between planned and actual costs or expenses which represent the overall positive or negative output or performance of the company.
The reason if the board of directors of the theater can be pleased with how well costs were controlled during the year.
3.
Introduction:
Average cost:
Average cost refers to the cost of production per unit that affects the price of goods and services.
The accuracy of figures for the average cost per production and the average cost per performance which would be predicting the cost of a new product or of an additional performance of a particular production.

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Chapter 9 Solutions
MANAGERIAL ACCOUNTING FOR MANGER CONNEC
- Everlast Corp. has net working capital of $720, net fixed assets of $3,150, sales of $8,400, and current liabilities of $1,050. How many dollars worth of sales are generated from every $1 in total assets?arrow_forwardGive me total assets?arrow_forwardAnswer the following requirements for this accounting questionarrow_forward
- Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax College