Question: Prepare a columnar flexible budget for Burchard's Freight & Haulage based on revenue levels of $90,000, $100,000 and $110,000 What is the flexible budget equation?

Prepare a columnar flexible budget for Burchard's Freight & Haulage based
  1. Prepare a columnar flexible budget for Burchard's Freight & Haulage based on revenue levels of $90,000, $100,000 and $110,000
  2. What is the flexible budget equation?
  3. Prepare a detailed performance report which will show activity volume variances and flexible budget variances, item by item.
  4. Although there are a number of favorable variances in Bob Burchard's report, actual net profit is only abut 65% of budgeted net profit. Explain why this is so.
on revenue levels of $90,000, $100,000 and $110,000What is the flexible budget

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