Many companies use a ______________ in planning the future because it recognizes that different levels of activity should produce different amounts of fixed and variable costs.

Question 11 options:

Fixed Budget

Flexible Budget

Question 12

The comparison of the actual results of operations with the budget that agrees with that level of sales and computes variances is called the _____________________.

Question 12 options:

Fixed Budget

Performance Report

Flexible Budget

Cost of Production Report