As part of the budgeting process,Drago Company developed the following master budget for September.Drago is in the process of preparing the flexible budget and understanding the results.
Required:
a.Prepare the flexible budget in the area provided above.
b.Determine the flexible budget variance for flexible (variable)costs.
c.Determine the planning variance for flexible (variable)variance costs.
d.Should the manager be congratulated for keeping costs under control? Explain.
Definitions:
Control
The ability to shape or control the actions of others and the direction of events.
Brain
The organ located in the head of an animal that controls its thoughts, memory, feelings, and activity.
Positron-Emission Tomography
A nuclear medicine functional imaging technique used to observe metabolic processes in the body.
Brain
The complex organ located in the skull, responsible for cognitive function, neural processing, and control of the body.
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