Which of the following may appear on a flexible budget performance report?
A. A favorable revenue variance
B. An unfavorable spending variance.
C. An unfavorable activity variance.
D. All of the above may appear on a flexible budget performance report.
Answer is: D)
All of the above may appear on a flexible budget performance report.
It is because by preparing the flexible budget performance report the manger can prepare the report by isolating the Revenue, spending and the activity variance.So; all these three will appear in the flexible budget.