35. A flexible budget a. is a budget for the actual level of activity. b. is used for performance reports. c. calculates what costs should have been for the actual level of activity. d. is used to compare expected costs with actual costs. e. All the above. Use the following table to answer the next 2 questions: Jason, Inc. produces leather purses. Jason has developed a planning budget for the first qu based on 20,000 direct labor hours. During the quarter, the actual activity was 22,000 direc hours. 36. Compare the planning budget to the actual outcomes. We can say the following: a. the manager had more direct labor hours. b. the variances are all unfavorable. c. the comparison is not useful for assessing managerial efficiency. d. a flexible budget should be used for assessing efficiency. e. all of these. 37. What is the total flexible budget amount for the first quarter: a. $288,000 b. $311,000 c. $312,000 d. $261,000 e. None of these 38. What is the flexible expense variance for the first quarter: a. \$1,000 Unfavorable b. $23,000 Unfavorable c. $1,000 Favorable d. $23,000 Unfavorable