Final answer:
The correct answer is D. On a flexible budget performance report, all items such as actual costs, budgeted costs, and variance analysis appear, providing a complete overview and enabling businesses to analyze the financial performance effectively.
Step-by-step explanation:
On a flexible budget performance report, you may find actual costs, budgeted costs, and variance analysis; therefore, the correct answer is All of the above.
A flexible budget performance report provides a comprehensive view of a company's financial performance. This includes a comparison of what was actually spent (actual costs) against what was budgeted to be spent (budgeted costs). The difference between these figures is known as the variance analysis. Breaking down total costs into fixed costs, marginal costs, average total costs, and average variable costs equips a business with detailed insights, as each measure offers a unique perspective on the company's expenditures. These insights are essential for understanding the cost behavior and for making informed decisions regarding the allocation of resources, cost control, and pricing strategies.