What is a Flexible Budget Performance Report?
Exhibit 8 shows the comparison of Leed’s flexibleoperating budget with the actual results. Note that the flexiblebudget in Exhibit 8 is made up of several pieces. The flexiblebudget amounts for sales revenue and selling and administrativeexpenses come from a flexible sales budget (not shown) for 19,000units of sales. Analyzing activity variances LO6 Variable costs are …