Under a flexible budget, to 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. In simple words, this report compares the actual output or results with the budgeted (forecasted budget) results for a specific time period. To explain: The performance of flexible budget performance report which is not possible for a simple comparison of budget to actual results to do.

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Chapter 9, Problem 9.9Q

To determine

Introduction: Under a flexible budget, to 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. In simple words, this report compares the actual output or results with the budgeted (forecasted budget) results for a specific time period.

To explain: The performance of flexible budget performance report which is not possible for a simple comparison of budget to actual results to do.

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