Question: In a flexible budget performance report, Question 1 options: the budget is based on the activity that was expected at the beginning of the period.

In a flexible budget performance report,

Question 1 options:

the budget is based on the activity that was expected at the beginning of the period.

the budget is adjusted to the actual activity for the period.

budgeted fixed costs are different than they would be in a static budget.

only the unfavorable variances are recorded for managers to explore.

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