Need help w all questions 1-4

Numbers 1 & 2 are worth 2 points each. LA __budget is prepared before the period begins and is valid for only the planned level of activity. It should not be used for evaluating how well costs are controlled Answer: 2. When a flexible budget is used in performance evaluation, actual costs are compared to a) budgeted costs at budgeted activity levels b) what the costs should have been for the actual level of activity c) the state planning budget d) what the costs should have been for the planned level of activity Answer: 3. Short anner, werth 6 points. Tell as much as you know, based on the information we've learned in chapter 9. Feel free to add more rows to the answer box if you need more space. How would the shutting down of a business (due to say, a global health crisis) impact the budgeting process for that business Problems 1-3 Problem 4a,b,c #4. Complete parts a), b), and c). Total of 20 points possible Inklings Tour Company of England gives tours of Oxford. Iaklings provided the following cest information Expense Fixed Cost per Month Cost per ticket seld Wages and salaries Fuel Bus Rental 2.000 Miscellaneous Exp Tour bus maintenance For example, wapes and sales cost $500 The company expect to well 15 in April plus per ticket sold) a price of $15 per ticket a) Prepare the Inkling Tour Company planning hudget for April b) During April, the Company actually sold 1600 tickets. Prepare the company's Nexible budget for April c) The actual results for April appear below. Prepare a report desible budget performance report that shows the company's and spending variances and a variance for April Actualtickets sold 2150 1.575 2000 Expenses Wapes and salaries Fuel Bus Rental Miscellaneous Expenses Tour bus maintenance Total expenses Net operating income 3.100 6,650