Which of the following is needed in order to prepare the flexible budget performance report?
A) Standard variable overhead cost driver usages
B) Actual production levels
C) Actual overall variable costs
D) Budgeted per-unit direct materials costs
E) All of the above

Question

Quizplus · Accepted Answer

A flexible budget performance report requires all the listed elements: standard variable overhead cost driver usages to adjust the budget for actual activity levels, actual production levels to determine what the budget should have been for the actual level of activity, actual overall variable costs to compare against what the costs should have been, and budgeted per-unit direct materials costs to adjust the budget based on actual production.

Which of the Following Is Needed in Order to Prepare