A report that summarizes actual costs, standard costs, and the differences for the units produced is called a
A)zero-based budget report
B)budget performance report
C)master budget
D)budget

Question

Quizplus · Accepted Answer

A budget performance report compares actual costs to budgeted or standard costs, highlighting variances between what was expected and what was actually spent or earned, which is essential for cost control and financial planning. Options A, C, and D do not specifically focus on comparing actual to standard costs for units produced.

A Report That Summarizes Actual Costs, Standard Costs, and the Differences