An internal report that helps management compare actual performance and budgeted performance based on actual activity level is called a(n):Multiple ChoiceFlexible budget performance report.Static budget performance report.Master budget performance report.Sales budget performance report.Operating budget performance report.

The report that compares actual performance and budgeted performance based on actual activity level is called a ______ budget performance report.Multiple choice question.flexiblefixedfavorable

A budget that is based on one predicted amount of sales or other activity measure is a:Multiple ChoiceVariable budget.Sales budget.Fixed budget.Flexible budget.Standard budget.

When preparing a performance report, flexing the budget is necessary in order to:Multiple choice question.adjust the budget at the beginning of the periodidentify the cost behavior pattern of the budgeted itemscalculate more accurate variancesadjust actual results so that they are closer to budgeted amounts

The flexible budget performance report directs management's attention to areas where: (Check all that apply.)Multiple select question.small flexible variances exist.small quantity variances exist.revenues differ substantially from budgeted amounts.costs differ substantially from budgeted amounts.

A report which presents overhead variance information along with variances from budgeted amounts is called a(n):Multiple choice question.variance report.overhead budget report.overhead variance report.overhead volume report.