Klamaty, SA., is looking for feedback on performance. The company compares the budget for the year with the actual costs.
Klamaty, SA., had the following budgeted data:
Required:

a.
Prepare a performance report for all costs showing static budget variances.
b.
Prepare a performance report for all costs showing flexible budget variances.

Question

Klamaty, SA., is looking for feedback on performance. The company compares the budget for the year with the actual costs.
Klamaty, SA., had the following budgeted data:
Required:
  
a.
Prepare a performance report for all costs showing static budget variances.
b.
Prepare a performance report for all costs showing flexible budget variances.

Quizplus · Accepted Answer

The Answer of Klamaty, SA., is looking for feedback on performance. The company compares the budget for the year with the actual costs.
Klamaty, SA., had the following budgeted data:
Required:
  
a.
Prepare a performance report for all costs showing static budget variances.
b.
Prepare a performance report for all costs showing flexible budget variances.