Match the following terms with the items below:
-Performance report
A)Difference between the actual amount and the flexible budget amount
B)A budget that specifies costs for a range of activity
C)A budget for a particular level of activity
D)A report that compares actual with planned costs
E)Actual variable overhead − (SVOR × Actual hours)

Question

Match the following terms with the items below:
-Performance report
A)Difference between the actual amount and the flexible budget amount
B)A budget that specifies costs for a range of activity
C)A budget for a particular level of activity
D)A report that compares actual with planned costs
E)​Actual variable overhead − (SVOR × Actual hours)

Quizplus · Accepted Answer

A performance report is a document that compares the actual performance, such as costs or revenues, against the planned or budgeted amounts. This comparison helps in identifying variances and assessing how well the organization or a specific project is performing against its financial goals.

Match the Following Terms with the Items Below