Which Two Costs Are Compared in a Performance Report That

question 35

Multiple Choice

Which two costs are compared in a performance report that uses activity flexible budgeting?

• A) actual activity costs and budgeted overhead costs
• B) budgeted costs for actual activity-usage levels and the actual activity costs
• C) actual overhead costs and the budgeted activity costs for actual activity-usage levels
• D) static activity budget costs and the budgeted activity costs for the actual activity-usage levels

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Definitions:

Social Responsibility

The concept that businesses should not only focus on maximizing profits but also consider their impact on society and the environment.

Pricing Objectives

Specifying the role of price in an organization’s marketing and strategic plans.

Marketing Plans

Strategic documents that outline a company’s strategy for promoting its products or services to reach targeted customers.

Pricing Objectives

The goals that a company wants to achieve through the pricing of its products or services, which may include maximizing profitability, increasing sales volume, or capturing market share.