Please help, thank you! Comparing a static budget to the actual results is useful...
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Comparing a static budget to the actual results is useful (relevant) when. and when . (Choose two correct answers) management is only comparing fixed expenses. the budgeted activity varies from the actual activity. Selected Answer - Incorrect management is only comparing variable expenses. the budgeted activity is similar to the actual activity Wye Manufacturing prepared a budget for 175,000 units of product. Actual production for the year was 182,000 units. To be most useful, what amounts should a performance report for this company compare? The actual results for 175,000 units with the budget for 175,000 units. The actual results for 182,000 units with last year's actual results for 87,000 units. The actual results for 182,000 units with a new budget for 182,000 units. The actual results for 182,000 units with the original budget for 175,000 units. Feedback Based on your answer The purpose of a flexible budget is to convert budgeted variable costs to the level of actual activity so that a comparison to actual costs will be relevant
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