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The following information is helpful in questions 1 to 4 : The following summary performance report was prepared for Acme Inc: Revise the performance report

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The following information is helpful in questions 1 to 4 : The following summary performance report was prepared for Acme Inc: Revise the performance report using flexible budgeting. Then, calculate the flexible budget variance for revenues (in dollars). A Question 2 ( 2 points) Calculate the flexible budget variance for variable costs. Calculate the flexible budget variance for fixed costs. A Question 4 ( 2 points) Compare and contrast the general implication of the original performance report with those of the revised (flexible budget) performance report

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