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What is the purpose of the flexible budget

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Reference no: EM132950318

Question - The Sales manager of Eagle bus Lines wishes to evaluate his performance against the budget and has gathered the following information based:

Budget Actual

Bus Route 10 11

Passengers per route 75 80

Fare per passenger per route $2.00 $2.10

Average distance per route (km) 35km 37km

Operating cost per km $2.80 $3.05

Fixed costs $150 $140

The business determines its quantity as the number of passengers carried. In the budget case, the firm's quantity was calculated at 750

a) Provide a reconciliation of profit, from budget to actual

b) What is the purpose of the flexible budget? How does it assist in reconciling budget to actual?

Reference no: EM132950318

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