Question 1B

1. Explain the relevance of an activity variance for expenses for management decision making purposes under a flexible budget
2. Give a detailed explanation on how the Balanced Scorecard can assist Ivory Limited, a manufacturing company to deliver on its new mission statement using the four perspectives: financial, customer, internal process, learning and growth.

Ivory Limiteds mission statement states that: We want to continually grow through our commitment to quality and delivering quality products to our customers