1) Flexible Budget Performance Report.


Flexible Performance Report


2) It is evident from the budget performance report above that there is very small vaiance overall both in dollar values and as a percentage of the total costs. This shows that the costs are tightly controlled. As a result, it shows very good management at the organization. Although there are some large unfavorable variance but they are pretty much offset by favorable variances and hence overall unfavorable variance is very small. Although the significant variances should be investigated, overall, the board should be very happy of the performance of the management.

3) I would suggest that the average costs may not be a good indicatorof the additional costs of any specific production or performance. The averages gloss over considerable variations in costs.

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