To Create a Meaningful Performance Report

Multiple Choice

To create a meaningful performance report,

A) actual costs are compared with the expected costs found in the static budget.
B) actual costs are calculated as a percentage of sales.
C) actual costs are compared with the prior year's actual costs.
D) expected costs of the static budget are compared with the expected costs of the flexible budget.
E) actual costs are compared with the expected costs at the same level of activity.