1. What limits the usefulness to managers of fixed budget performance reports? 2. Identify the main purpose of a flexible budget for managers. 3. Prepare a flexible budget performance report title (in proper form) for Spalding Company for the calendar year 2017. Why is a proper title important for this or any report? What type of analysis does a flexible budget perfor- mance report help management perform? 5. In what sense can a variable cost be considered constant? 6. What department is usually responsible for a direct la- bor rate variance? What department is usually responsible for a direct labor efficiency variance? Explain. 7. What is a price variance? What is a quantity variance? 8. What is the purpose of using standard costs? What limits the usefulness to managers of fixed budget performance reports