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Concept Introduction:
Flexible Budget Performance report: 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 performance report is prepared to compare the actual figures with the standard figures for the same level of activity. In other words, the flexible budget performance report shows the Flexible
To prepare: A Performance report comparing this year’s results with last year’s results.
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Horngren's Accounting Plus MyAccountingLab with Pearson eText -- Access Card Package (11th Edition) (Miller-Nobles et al., The Horngren Accounting Series)
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