Come watch this video on how to complete a simulation where you must convert a static budget into a flexible budget! These two budgets are covered in the BEC...The budget for exploration spending is results-driven, amounting to $30-million for 2023, with $23-million earmarked for predevelopment study work on the Doropo gold project.Exercise 21-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 18,000 units) folllows. Fixed Budget Sales (18,000 units x $215 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-Office equipment Insurance Office rent Income 3,870,000 414,000 774,000 486,000 ...Study with Quizlet and memorize flashcards containing terms like Distinguish between favorable and unfavorable cost (and revenue) variances., "The flex in the flexible budget relates solely to variable costs." Do you agree? Explain., "We want a flexible budget because costs are difficult to predict. We need the flexibility to change budgeted costs as input prices change."Direct-laborers worked 57,000 hours at a rate of $17,00 per hour. Total variable manufacturing overhead for the month was $653,220, Total advertising, sales salaries and commissions, and shipping expenses were $235,000,$465,000, and $135,000, …Example of a Sales Budget. ABC Company plans to produce an array of plastic pails during the upcoming budget year, all of which fall into a single product category. Its sales forecast is outlined as follows: ABC's sales manager expects that increased demand in the second half of the year will allow it to increase its unit price from $10 to $11 ...The financial planning or budgeting exercise is usually carried out by firms to control the costs which are expected to incur. It may be prepared by using the static budgeting method or the flexible budgeting method. Furthermore, the budgets are classified into production budget, sales budget, purchases budget etc.Learning Objective 2: Develop a flexible budget. . . proportionately increase variable costs; keeppp fixed costs the same and compute flexible-budget variances . . . flexible-budget variance Æthe difference between an actual result and a flexible-budget amount… sales-volume variances Æeach sales-volume variance is the differenceA flexible budget is a budget that adjusts or flexes with changes in volume or activity. The flexible budget is more sophisticated and useful than a static budget. (The static budget amounts do not change. They remain unchanged from the amounts established at the time that the static budget was prepared and approved.)Method 5: Flexible budget. A flexible budget Is a collection of budgets planned for many levels of activities (sales or production).so the budget can be changed for modifications in the activities ...A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. They are prepared at the planning stage (before production starts), using marginal costing principals, as fixed costs should not change if the volume of activity changes. The flexible budget is more sophisticated and useful than a fixed budget, which ...A budget with a flexible range for each item rather than a specific value A budget with a flexible time frame in which to achieve the results Preparing multiple budget scenarios, adjusted for ...May 18, 2022 · A flexible budget is one that adapts to changes in actual revenue levels. Once an accounting period is concluded, actual revenues or other activity metrics are entered into the flexible budget, and it constructs a budget that is tailored to the inputs. For control purposes, the budget is then compared to actual expenses. Which of the following statements is true about a flexible budget? a.A flexible budget does not adjust for changes in activity levels. b.A flexible budget helps in comparing actual costs to the budgeted costs of actual levels. c.A flexible budget is used by many service companies to reduce fixed overhead budget variance.Dalam menjalankan bisnis pasti membutuhkan sebuah perencanaan, termasuk anggaran atau budget. Salah satu anggaran keuangan yang digunakan dalam usaha adalah anggaran fleksibel (flexible budget). Mungkin istilah ini jarang didengar oleh para pebisnis, padahal anggaran fleksibel sangat bermanfaat dalam mengelola keuangan perusahaan.Rolling budgets (also known as rolling forecasts or continuous budgets) are dynamic budget models that add on the next time period after the current one elapses. In other words, as you complete one budgeting period, you add the next one in a continuous process. In most cases, you update a rolling budget either monthly or quarterly.Flexible budget adalah laporan penganggaran (budgeting) yang dibuat untuk memperkirakan besar revenue dan cost yang seharusnya, pada tingkat aktual (sebenarnya) aktivitas tertentu selama periode tersebut.. Dalam pembahasan pada Chapter 15 dan 16, dibahas yang namanya static budget/master budget yang dibuat sebelum masa periode anggaran tersebut.Perhatikan contoh soal flexible budget dan jawabannya berikut ini: Direncanakan suatu produksi sebesar 8.000 unit. Biaya variabel sebesar Rp. 5.000 per unit, dan jumlah biaya tetap Rp. 15.000.000, maka besarnya anggaran flexibel untuk 8000 unit adalah : = (Rp. 5000 x 8.000)+15.000.000 = Rp. 55 juta 03: Jenis-jenis Anggaran Fleksibel Question: Instructions ENTERANSWERS Flexible Budgets and Standard Cost Systems Using Exeel to prepare a flexible budget performance report Pilchuck Company manufactures tote bugs and has provided the following information for September 2018: \begin{tabular}{l|r|r|} & Actual Results & Static Budget: \\ \hline Units & 11,000 & 12,000 \\ …The following information was drawn from the accounting records of Smith Company. a. sales price flexible budget variance is a $2,700 unfavorable variance. b. sales price flexible budget variance is a $700 favorable variance. c. sales price flexible budget variance is a $2,700 favorable variance. d. sales price flexible budget variance is a ...Flexible Budgeting. A flexible budget model allows you to enter different sales levels in the model, which will then adjust planned expense levels to match the sales levels that have been entered. This approach is useful when sales levels are difficult to estimate, and a significant proportion of expenses vary with sales.2. Humana embraced new technology to ensure all its employees could enjoy the benefits of flexible work. Technology also played a crucial role in the work flexibility policies at Humana, a U.S ...To reset your Fitbit Flex, plug your charging cable into the USB port, and then insert the tracker into the charging cable. Next, insert a paperclip into the small pin-sized hole on the back of the charger, and hold it there for three or fo...Flexible Budget Practical Problems and solutions. Problem.1 Prepare a flexible budget for the production of 80% and 100% activity on the basis of the following information. Production at 50% Capacity: 5,000 Units: Raw Material: $80 per unit: Direct Labor: $50 per unit: Direct Expenses: $15 per unit:Best overall and best budget. Image 1 of 2 (Image credit: Future) (Image credit: Future) 1. Braun Brew Sense Drip Coffee Maker KF6050. The best coffee maker overall, complete with a great pricePoland. Portugal. Spain. Sweden. Switzerland. United Kingdom (UK) United States (USA) PLAY is a low-cost Icelandic airline operating flights between North America and Europe. PLAY offers cheap flights and a safe journey in new Airbus aircraft.flexible budget. a BUDGET that is designed to change in accordance with the level of activity actually attained, so that it allows for the variation in COSTS associated with …A flexible budget created each period allows for a comparison of apples to apples because it will calculate budgeted costs based on the actual sales activity. For example, Figure 7.4. 2 shows a static quarterly budget for 1, 500 trainers sold by Big Bad Bikes. The budget will change if there are more or fewer units sold.1. Add and Subtract Income and Expenses: SUM. The SUM function is one that you'll use the most when it comes to finances in Excel. It allows you to add numbers, cells that contain numbers, or a combination of both. You can use the SUM formula in your budget for totaling your income and adding your expenses. Related:Zero-Based Budgeting - ZBB: Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. Zero-based budgeting starts from a "zero base," and ...Flexible budgets are a business cycle analysis tool. They cannot be created prior to the end of the business cycle. Looking at the flexible budget at the end of the cycle allows you to make adjustments for the next cycle's static budget forecasts. This way, the budget matches the changing landscape of operating costs. Your flexible budget is ...Planning a vacation for a large family can be both exciting and overwhelming. With so many people to accommodate, it’s important to find activities that are not only fun but also budget-friendly.Flexible-budget variance Sales-volume variance Level 1 €134 U SU, CoBE, AcFn, Prepared by Salahedin A. and Alemu M. Page 4 Static-budget variance Flexible-Budget Variance The flexible-budget variance is the difference between an actual result and the corresponding flexible-budget amount. The flexible-budget variance arises because ...Lenovo has brought a more premium design, 16:10 screen, and backlit keyboard to its IdeaPad Flex 3i for CES 2023, making this $349.99 Chromebook one of the cheapest laptops to sport these features.What is Flexible Budgeting? Flexible budgeting is a budgeting technique that adjusts the original budget for actual changes in activity levels. Financial planning …The flexible budget responds to changes in activity, and performance evaluation. The flexible budget uses the same selling price and cost assumptions as the original budget. Variable and fixed costs do not change categories. The variable amounts are recalculated using the actual level of activity, which in the case of the income statement are ...A flexible budget is a great performance evaluation tool when used with a static budget. It is essentially a way to comprehensively account for the static budget’s cost variance. You can keep your flexible budget expenses to a minimum by offering performance incentives to your employees, as long as they are directly related to sticking to the ... It involves planned costs and expenses, sales volume and revenues etc. Budget may also involve planned future use of money which is in form of surplus or may show deficits wh …. Explain the difference between static and flexible budgets. Give examples of when a static budget can be used and with what types of costs are best suited to a static ...The flexible budget accomplishes the forecast in one step. A static budget provides your new business with feedback regarding over or under spending based on your original projections but can be ...If you are looking for the best budget electric skateboard, Exway Flex is a great option. The much-loved Flex series has an extensive fanbase, with lots of customer reviews and comparison videos proving its excellence. Flex is easy to control, powerful, stable, and comfortable for beginners and experienced riders alike.Jul 31, 2021. Superflex Fantasy Football Auction Roster Strategy ($500 Salary Cap) The fastest growing, most popular fantasy football format is superflex, which allows each team to start a 2nd quarterback in a flex spot. This means the player who handles the ball the most in each game, has real value in fantasy football too.In our league, QB value varied WIDELY. Some people caught on since last year and Mahomes/Lamar went around $50, other high-end QBs at a bargain for $20-30, and then a bunch still around $2-10. However, we had one autodrafter at the beginning whose algorithm bid up RBs and WRs as if we had a standard league.Oct 22, 2023 · 2. Flexible budget. Flexible budgets increase or decrease based on the financial success of a company or individual. Flexible budgeting templates allocate a percentage of total revenue to each expense, allowing the budget to fluctuate based on resources. Many people use flexible budgets that underestimate total profits to create a surplus. Why, Flexible budgets are prepared for an _____ of activity. Is this helpful for performance evaluation?, What does the Flexible Budget tell us? and more. Study with Quizlet and memorize flashcards containing terms like Planning or static budgets are prepared for a _____ of activity. Is this helpful for performance evaluation?5. Budgets are updated for the events that were not kept into the mind while establishing budgets. Hence, budgets should flexible enough for mid- term revision. 6. The entire organisation must be committed to budgeting. 7. Budgets should be quantifiable and master budget should be broken down into various functional budgets. 8.Salah satu anggaran keuangan yang digunakan dalam menjalankan sebuah bisnis adalah anggaran fleksibel (flexible budget). Dengan adanya anggaran tersebut, maka total laba atau rugi yang didapatkan perusahaan dapat diprediksi. Anggaran fleksibel adalah anggaran yang dapat menyesuaikan dengan perubahan produksi dan hasil penjualan suatu perusahaan.Question: Flexible Budget Performance Report Project Kelsey's Frozen Confectioneries buys and distributes single-serve ice cream treats, popsicles, etc., such as those sold at convenience stores, sporting events and amusement parks. Download the file containing Kelsey's budget assumptions and actual figures for June. The file also contains a draft for both a 1) masterIlse Maria Beuren. Federal University of Santa Catarina. This study analyzes the effects of using static and flexible budgets on process and product innovation. A survey was conducted with ...A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The flexible budget is more sophisticated and useful than a static budget, which remains at one amount regardless of the volume of activity. Abdul Basit Follow.3. Flexible Budget. With flexible budgeting, your budget varies depending on your sales performance throughout the year. Your fixed expenses like office space, insurance, or utilities will stay the same. But variable expenses directly tied to sales like your cost of goods sold (COGS) and advertising, are based on a percentage of your sales for ...Expert Answer. 100% (1 rating) a. Revenue or spending variance for oprating incom = 239965 - 198917 = 41048 It is unfavourable b. Activity vaiance for operating income = 198917 - 173893 = 25024 And it is favourable c. Yes the combination of revenue variance and activity variance o …. View the full answer.Flexible Budgets, Variances, and Management Control: II. Flexible Budgets, Variances, and Management Control: II. Chapter 8. March 21, 2005. Overhead Costs. Overhead costs can range from 10% to 50% or more of a firm's total product cost High OH results from increased automation, product complexity, product diversity, etc. 553 views • 42 slidesFinding a budget-friendly motel can be a challenge, especially if you’re looking for one that costs less than $300 a month. But with the right research and planning, you can find an affordable motel that fits your needs. Here are some tips ...A flexible budget is a budget containing figures based on actual output. The flexible budget is compared to the company's static budget to identify any variances (or differences) between the ...Flexible-budget variances are the differences between: (1) static-budget figures and actual results (2) actual results and flexible-budget figures (3) flexible-budget figures and static-budget figures (4) none of the above 14. The total flexible-budget cost variance to be explained is the difference between actual inputs times actual price and: ...A fixed budget is a financial plan that allocates a set amount of money for specific expenses. A flexible budget, on the other hand, is a financial plan that allows for adjustments to be made based on actual or expected changes in income or expenses. Secondly, a fixed budget is typically created at the beginning of a period, such as a fiscal ...There are four elements to consider when drafting a corporate budget: Net income: A company's net income is the total revenue earned after deducting costs, taxes and allowances. Fixed expenses: These expenses don't change for a business, even if there's an influx or reduction in activity. They can include rent and property taxes. Necessary flexible expenses: Necessary flexible expenses vary ...Find Cheap Flights. Save money on airfare by searching for cheap flight tickets on KAYAK. KAYAK searches for flight deals on hundreds of airline tickets sites to help you find the cheapest flights. Whether you are looking for a last minute flight or a cheap plane ticket for a later date, you can find the best deals faster at KAYAK.A flexible budget created each period allows for a comparison of apples to apples because it will calculate budgeted costs based on the actual sales activity. For example, Figure 7.4. 2 shows a static quarterly budget for 1, 500 trainers sold by Big Bad Bikes. The budget will change if there are more or fewer units sold.The movie made $227 million at the box office — decent, but nowhere near the $976 million reached by "Harry Potter and the Sorceror's Stone" on its $125 million budget.Price at time of publish: $107. Weight: 2.5 pounds | Battery Life: 15 minutes | Bin Volume: Not listed | Included Accessories: None (crevice tool is built-in) The Spruce / Dera Burreson. The Spruce / Dera Burreson. The Spruce / Dera Burreson. The 9 Best Shark Vacuums of 2023, Tested and Reviewed. Amazon.Best 2-in-1 for most people. Lenovo Yoga 7i (14-inch) $650 at Walmart. View details. $989 at Samsung.A flexible budget is a budget that adjusts for changes in the volume of activity. Assume that a manufacturer determines that its cost of labour and supplies for the factory are approximately $10 ...Flexible-budget variances are the differences between: (1) static-budget figures and actual results (2) actual results and flexible-budget figures (3) flexible-budget figures and static-budget figures (4) none of the above 14. The total flexible-budget cost variance to be explained is the difference between actual inputs times actual price and: ...Example of a Flexible Budget Variance. For example, a flexible budget model is designed where the price per unit is expected to be $100. In the most recent month, 800 units are sold and the actual price per unit sold is $102. This means there is a favorable flexible budget variance related to revenue of $1,600 (calculated as 800 units x $2 per ...Best value office chair: Slouch Task One | £259. Best budget office chair: John Lewis Gerard | £79. Best office chair under £250: Sihoo M18 Ergonomic Home Office Chair | £200. Best mid-range ...Feb 26, 2020 · A flexible budget is a personal budget that builds in room for adjustments. That means instead of setting very specific goals for each expense category, you have a broader overall spending target. A spending target provides flexibility, because it doesn’t matter if you’re over or under budget by a few dollars in one category v. another ... false. for which of the following costs is a static budget most appropriate. fixed overhead costs. a static budget is useful in controlling costs when cost behavior is. fixed. a projection of budget data at one level of activity is a. static budget. a flexible budget projects budget data for one level activity. false.30 Options for Flexible Seating on a Budget. 1. Bean Bag Chairs: Bean bag chairs are a great way to add flexible seating on a budget. They can be easily moved around the classroom and provide great comfort for students of all ages. Check out these Big Joe bean bag chair s with handles and sturdy zippers! 2.Sep 13, 2023 · What Is a Flexible Budget? As the name suggests, a flexible budget is flexible. The budget changes as different activity level changes. Managing cash flow is often an ongoing challenge for small businesses. Flexible budgets adapt to the reality that many small business owners experience: things don’t always go according to plan. Activity-based budgeting supports continuous improvement and process management. Study with Quizlet and memorize flashcards containing terms like Static budgets are the best benchmarks for preparing a performance report., A static budget compares actual cost with budgeted costs., A static budget compares actual cost with budgeted costs. and more.Apr 13, 2023: Replaced the Samsung Odyssey Neo G7 S32BG75 with the LG 34GP950G-B because it's cheaper; replaced the AOC CU34G2X with the Dell S3422DWG because it's also cheaper and rename to 'Best Lower Mid-Range Monitor'; renamed the AOC CQ27G2 to 'Best Budget Monitor'; updated Notable Mentions based …Jul 9, 2022 · Fixed Budget. A fixed budget is a budget that is prepared at a single level of activity at the start of a period. It is prepared based on long-term corporate objectives. It is an easier way of preparing a budget as there is no need to change the budget with variations in activity. Flexible budgets The flexible budget adapts. Flexible budgets adapt to the changing needs of a company. Accountants enter actual activity measures into the flexible budget at the end of the accounting period. It subsequently generates a budget that ties in specifically with the inputs. For control purposes, the accountant then compares the budget to actual data.In today’s fast-paced and ever-changing job market, flexibility is becoming more important than ever. With the rise of the gig economy and the increasing demand for convenience, flex delivery jobs have emerged as a viable solution to unempl...Hence, a flexible budget is prepared according to the relevant range of production. A reliable basis is available from flexible budget for comparisons. Steps involved in flexible budgeting. The following steps or stages are involved in the preparation of flexible budget. 1. Decide a range of activity for which the budget is to be prepared. 2.2. Flexible budget. Flexible budgets increase or decrease based on the financial success of a company or individual. Flexible budgeting templates allocate a percentage of total revenue to each expense, allowing the budget to fluctuate based on resources. Many people use flexible budgets that underestimate total profits to create a surplus.The third section will explain how flexible budgets can assist with cost-volume-profit (CVP) analysis. Explain the relationship between fixed and variable costs used in a flexible budget The essential relationship between fixed and variable costs is the same whether the budget is static or flexible.You can always see exactly what you’re paying for in the price breakdown when reviewing your booking. Book airline tickets, discover cheap flights and airfare, compare prices, and search for flight deals. Plus, stay flexible and book with no hidden fees.Answer to Static budget versus flexible budgetThe production. The Machining Department supervisor has been very pleased with this performance because actual expenditures for May - July have been significantly less than the monthly static budget of 4 0 0, 0 0 0. However, the plant manager believes that the budget should not remain fixed for every month but should " flex " or adjust to ...Green Gobbler Hair Grabber Drain Tool. If the water is draining slowly from your sink or shower, the Green Gobbler Hair Grabber Drain Tool is a great, budget-friendly option. At 22 inches, this flexible plastic tool can remove hair and other clogs from showers, tubs, and sinks.Flexible budget is a budget that is mostly used as a static budget and basically changes with the changes occurring in the volume or activity held in production, also helpful for increasing the manager’s efficiency and effectiveness because it is set to benchmark for the actual performance of the company.Example of a Sales Budget. ABC Company plans to produce an array of plastic pails during the upcoming budget year, all of which fall into a single product category. Its sales forecast is outlined as follows: ABC's sales manager expects that increased demand in the second half of the year will allow it to increase its unit price from $10 to $11 ...It involves planned costs and expenses, sales volume and revenues etc. Budget may also involve planned future use of money which is in form of surplus or may show deficits wh …. Explain the difference between static and flexible budgets. Give examples of when a static budget can be used and with what types of costs are best suited to a static ...
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Business Flex Budget 10 Annual Results Units Sold Fixed Cost Flex Budget Actual Variance $ 17.00 $ 473,365 $ 473,105 $ (260) Revenue Expenses: $ 5,000 $ 10.00 $ 298,450 $ 300,362 $ 1,912 Salaries $ 900 $ 1.20 $ 37,014 $ 36,545 $ (469) Utilities $ 2.25 $ 62,651 $ 60,230 $ (2,421) Ingredients $ 6,000 $ 24,000 $ 18,000 $ (6,000) Rent $ 250 $ 0.85 ...Accounting questions and answers. Current Attempt in Progress Flounder Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $153,000 to $180,000. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 6%, travel 5%, and delivery 4%.A flexible budget is a budget that changes according to the actual level of activity in your business. Unlike a static budget, which is based on a fixed level of activity, a flexible budget can ...Flexible budget variance analysis is a technique that helps you compare your actual performance with your planned performance based on different levels of activity. It can help you identify the ...Flexible budget is a budget which, by recognizing the difference in behaviour between fixed and variable costs in relation to fluctuations in output, turnover, or other variable factors, etc. It is designed to change in relation to the level of activity actually attained. A flexible budget is one that takes account of a range of possible volumes.A: Flexible Budget: Flexible budget is a financial plan prepared for a particular period of time on… Q: Describe how nonoutput-based cost drivers can be incorporated into budgeting. A: Budget: The budgeting is a process of preparing budgets and the evaluation of it to see whether the…A flexible budget is one that is allowed to adjust based on a change in the assumptions used to create the budget during management's planning process. A static budget, on the other hand, remains ...Dyson's V15 cordless vacuum cleaner really is its most impressive yet. It’s more powerful and cleans even better on all surfaces, yet still lasts up to 60 minutes between charges - the same ...1. The basic difference between a flexible budget and fixed budget is that a fixed budget: a) Is concerned with fixed expenses whereas flexible budget is on different activity levels. b) Cannot be changed whereas flexible budget can be easily changed. c) Is a budget for single measure of activity whereas flexible budget is on different activity ...A flexible budget reflects multiple changes for various levels. Instead of static forecasts, a flexible budget -- also referred to as a flex budget or variable budget-- shows costs as a percentage ...Budget is a plan of action proposed to be adhered to during a specified period. 2. A budget is prepared on the basis of forecast made for the budget period. 3. A budget can be set only by seasoned executives of an organisation. 4. Budgets are always prepared with the objects of planning, coordination and control. 5.Actual pounds (9) Revenue ($4.25q) Flexible Budget For the Month Ended August 31 Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,000) Wages and salaries ($2,300 + $0.259) Shipping ($0.709) Utilities ($1,300) Other ($470 + $0.019) Total expenses Net operating income The actual results for August were as follows: Actual pounds Revenue Expenses: Quilcene Oysteria Income Statement ...Budget Variance: A budget variance is a periodic measure used by governments, corporations or individuals to quantify the difference between budgeted and actual figures for a particular accounting ...Sales-volume variance Flexible-Budget Variance (Level 2) in (000) Flexible Budget Actual Variance Suits 10 10 0 Revenue $1,550 $1,600 $ 50 F Variable costs 1,150 1,200 50 U Contribution margin $ 400 $ 400 $ 0 Fixed costs 286 300 14 U Operating income $ 114 $ 100 $ 14 U Actual quantity sold: 10,000 suits Flexible-budget variance $14,000 U Actual ...Book cheap flights, hotels and car rentals with Skyscanner. Join 100 million savvy travelers as you compare flights, hotels and cars from hundreds of providers. Here’s how. Our international sites. Compare and book cheap flights from anywhere, to everywhere. United States · English (US) · $ ...April 26, 2023 What is Flex Budgeting? A flexible budget, or “flex” budget varies with changes in the amount of actual revenue earned. In its simplest form, the flex budget will use percentages of revenue for certain expenses, rather than the usual fixed numbers. This approach results in better comparability of budgeted and actual results.The WiMiUS W7 is the best projector under $500 that seems to punch above its weight class. Capable and affordable, it supports 4K and offers 1080p resolution, keystone correction, excellent image ...We've found the best budget laptops in every form factor: clamshells, Chromebooks, and 2-in-1 hybrids. ... The Lenovo IdeaPad Flex 5 is an excellent 2-in-1 laptop with solid performance, a ...September 12, 2023 What is a Flexible Budget? A flexible budget adjusts to changes in actual revenue levels. Actual revenues or other activity measures are entered into the flexible budget once an accounting period has been completed, and it generates a budget that is specific to the inputs.The flexible budget variance is the difference between the: a. flexible budget and static budget due to differences in fixed costs. b. flexible budget and actual amounts due to differences in volumes. c. expected results in the flexible budget for the uni; Flexible budgets provide different information than static budgets..