what information is on a felxible budget?

*** is this correct***

The flexible budget report consists of two sections: (1) production data for a selected activity index, such as direct labor hours, and (2) cost data for variable and fixed costs. The report provides a basis for evaluating a manager's performance in two areas: production control and cost control. Flexible budget reports are widely used in production and service departments.

Yes, this is right. I just found this site because I was Plagiarism checking my paper and it came up that this information was on my paper and on here. What is this anyway?

Yes, that is correct! A flexible budget contains information about production data for a specific activity index, such as direct labor hours, and cost data for both variable and fixed costs. It is a tool used to evaluate a manager's performance in terms of production and cost control. The report helps in comparing actual performance against the budgeted amounts at different activity levels, allowing for adjustments and better decision-making. Flexible budget reports are commonly used in both production and service departments.