A budget performance report compares actual costs for a period with the budgeted costs for that period.

Name: A budget performance report compares actual costs for a period with the budgeted costs for that period.
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Question

Quizplus · Accepted Answer

This statement is true. A budget performance report is used to compare the actual costs incurred during a period with the budgeted costs for that same period. This helps organizations identify any variances and take corrective action if necessary.

A Budget Performance Report Compares Actual Costs for a Period