On the basis of the budget reports, management analyzes differences between actu

ID: 2474051 • Letter: O

Question

On the basis of the budget reports,

management analyzes differences between actual and planned results.

management may modify the future plans.

management may take corrective action.

All of these.

A flexible budget

cannot be used for evaluation purposes because budgeted data are adjusted to reflect actual results

is prepared when management cannot agree on objectives for the company.

projects budget data for various levels of activity.

is only useful in controlling fixed costs.

management analyzes differences between actual and planned results.

management may modify the future plans.

management may take corrective action.

All of these.

On the basis of the budget reports,:

D.All of these.

Flexible budget

C.projects budget data for various levels of activity.

D.All of these.

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