An after-the-fact flexible budget
A)is a budget for the actual level of activity.
B)is used for performance reports.
C)calculates what costs should have been for the actual level of activity.
D)is used to compare expected costs with actual costs.
E)all of these.

Question

Quizplus · Accepted Answer

An after-the-fact flexible budget is used for the actual level of activity, performance reports, calculates what costs should have been for the actual level of activity, and compares expected costs with actual costs.

An After-The-Fact Flexible Budget