27. Comparing actual results to a budget based on the actual activity for the period is...

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27. Comparing actual results to a budget based on the actual activity for the period is possible with use of a a monthly budg

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Answer 1

Answer #1

Solution: Flexible budget

Comparing actual results to a budget based on the actual activity of the period is possible with the use of a flexible budget.

Explanation:

1) Flexible budget is a form of an income statement that is adjustable to any level of activity.

2) Flexible budget is also a statement detailing the revenues and costs for the different level of activity for a period.

3) Flexible Budget, the budget will be changed in proportion to the volume of activity changed.

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Answer 2

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