A flexible budget report will compare actual costs with the budgeted costs at the actual activity level achieved.
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Q14: A static budget is one that is
Q15: Under responsibility accounting, both controllable and non-controllable
Q16: Cash budget reports are often prepared daily,
Q17: The amount of fixed costs which appear
Q18: Evaluating a manager's performance in controlling variable
Q20: A flexible budget is based on the
Q21: Investment and profit centres generate both revenues
Q22: Investment centres generate a return on operating
Q23: Return on investment is the primary basis
Q24: Since a profit centre is an independent
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