LO 9-1

Prepare a flexible budget.

LO 9-2

Prepare a report showing activity variances.

LO 9-3

Prepare a report showing revenue and spending variances.

LO 9-4

Prepare a performance report that combines activity variances and revenue and spending variances.

LO 9-5

Prepare a flexible budget with more than one cost driver.

LO 9-6

Understand common errors made in preparing performance reports based on budgets and actual results.