The differences between the actual results and the flexible budget are the revenue and spending variances.
A flexible budget based on changes in real sales or other activities. The result is a budget that is fairly intently aligned with actual effects. This technique varies from the extra not unusual static budget, which incorporates nothing but constant rate amounts that do not vary with real revenue stages.
A performance report is a document of the performance of something. They're robotically produced via government bodies which, being financed by way of public money, are required to expose that the cash turned into spent successfully and usefully.
A budget is a calculation plan, typically however no longer always economic, for a described period, frequently 12 months or a month.
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