Unformatted text preview: differences is called Variance Analysis . 6. Variance Analysis is the best compliance by using comparison of actual data to both fixed and flexible budget data. 7. What is the internal report that helps management analyze the difference between actual and budgeted performance based on actual sales volumes or other levels of activities and which present the difference between actual budgeted amount as variances is called Flexible budget performance report . 8. Calculation(6): Variances, profit, Budgeted operating income 9. Sales – fixed cost – variable cost = income (2) 10. Variance (2): material 11. (2): labor 14. As volume increases, unit fixed cost decrease and unit variable cost stays . 15. P.998 / If the amount are immaterial, they are just going to be added to or subtracted from Cost of goods sold ....
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- Spring '12
- Variance, budget performance report