ACCOUNTING PRINCIPLES
ACCOUNTING PRINCIPLES
12th Edition
ISBN: 9781119145257
Author: Weygandt
Publisher: JOHN WILEY+SONS INC.CUSTOM
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Chapter 24, Problem 24.3AP

(a)

To determine

Flexible Budget: The budget which is not rigid is called as flexible budget. In flexible budget forecast is made for the given budget data at each level of activity. This budget can be changed depending o the volume of activity. Flexible budget is considered more useful than other budgets.

Budget Report: The report containing the information about the performance of particular budget is called as budget report. Budget report helps in taking appropriate financial decisions.

To determine: The total monthly budgeted cost formula.

(b)

To determine

To prepare: A flexible budget report for August.

(c)

To determine

To prepare: A flexible budget report for September.

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ACCOUNTING PRINCIPLES

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