A Fixed Budget Performance Report Compares the:

Cannot be determined from the fixed budget performance report 7. A fixed budget performance report is a analytical report that compares actual performance numbers during a period with the predicted numbers set in the fixed budget.

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A report that compares actual results with results expected under a fixed budget.

. A fixed budget performance report not only compares results but also indicates if the variances are. For example sales were 1000 units lower than expected sales revenue was USD 20000 less than expected gross margin was USD 12500 less than expected and net income was. Fixed budget performance reports compare actual results with the expected amounts in the fixed budget.

That means it is the same for any activity level. It is based on the assumption that the company will work at some specified level of activity and that a stated production will be achieved. This report varies from a traditional budget versus actual report in that the actual sales figure is plugged into the budget model which then uses formulas to alter the budgeted expense amounts.

The four steps are. Adequate or inadequate O favorable or unfavorable. Total fixed costs plus total per unit variable cost times units of activity level The flexible budget performance report directs managements attention to areas where corrective action to.

The formula to calculate total budgeted costs is. A flexible budget reflects fixed and variable costs but the fixed budget does not. Fixed budget performance report.

A fixed budget is always fixed. A flexible budget performance report is used to compare actual results for a period to the budgeted results generated by a flexible budget. When compared to the budget the actual cost or revenue contributes to a higher income.

There is also a third column. Compares actual results with the results expected under a fixed budget. The fixed budget is very simplistic.

1 develop the budget from planned objectives 2 compare actual results to budgeted amounts and analyze any differences 3 take corrective and strategic actions and 4 establish new planned objectives and prepare a new budget. The flexible budget performance report takes the budgeted amount per unit and multiplies it by the actual number of units produced 200 x 1000 and compares this budgeted amount to the actual amount. 6 x 34400 gallons - 36000 gallons 9600 unfavorable Question 8 0 out of 10 points An internal report that helps management analyze the difference between actual performance and budgeted performance based on the actual sales volume or other level of activity and that presents the differences between actual and budgeted amounts as variances.

Comparison of actual results with the planned operating budget yields some useful information because it shows where actual performance deviated from planned performance. A fixed budget performance report indicates a sales variance of 20000 favorable. Fixed budgets are also known as flexible budgets.

Compares actual performance and budgeted performance based on actual sales volume or other acitivity level. A A fixed budget performance report compare actual results with results expected under the fixed budget that predicted a certain sales volume or other activity level b Difference between budgeted and actual results are designated as variances. A flexible budget is pretty complicated.

Flexible Budget proves more accurate to evaluate the performance capacity and efficiency of the activity level compared to Fixed Budget. View C23docx from MGA 301 at SUNY Buffalo State College. The actual cost or revenue contributes to a.

Another name for a static budget is a variable budget. The fixed budget takes comparatively little time to prepare. A fixed budget performance report not only compares results but also indicates if the variances are.

It compare the difference among the actual performance and budgeted performance grounds on the volume of actual sales. The reason for the variance. Compares actual results with the results expected under a fixed budget Flexible budget report.

Adequate or inadequate O favorable or unfavorable. Jacks report would list flexible budget costs of 200000 and actual costs of. Conclusion Fixed Budget is mainly based on assumptions which are unrealistic and so this is not applicable to business concerns but if we talk about Flexible Budget it is more practicable.

Favorable or unfavorable When preparing a flexible budget variable costs are expressed as a constant amount _____ and fixed costs are expressed as a constant amount _____. One part of it is fixed and another change as per the activity level. A fixed budget performance report compares data from actual operations with the single level of activity reflected in the budget.

A fixed budget performance report not only compares results but also indicates if the variances are_______. Flexible budget performance report is the report which is used for comparing or analyzing the actual results or outcomes for the period with the budgeted outcomes and it is generated through the flexible budget. Flexible budgets are prepared prior to.

The fixed budget indicates direct labor costs of 27500. This approach results in. Section 1Flexible Budgets To monitor and control operations companies exercise budgetary control and require budget reports.

Flexible budget on the other hand is semi-variable. When compared to the budget the actual cost or revenue contributes to a lower income. O positive or negative O fair or unfair Question.

Check all that apply costs which differ substantially from budgeted amounts. Actual direct labor costs were 27000. This report looks similar to an income statement with one column for the fixed budget numbers and another column for the actual number achieved during the period.

The actual cost or revenue contributes to a higher income. A fixed budget performance report not only compares results but also indicates if the variances are.

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