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Carlson, Inc. prepared a 2014 budget for 125,000 units of product. Actual production in 2014 was 130,000 units. To be most useful, what amounts should a performance report for this company compare?

The actual results for 130,000 units with last year's actual results for 134,000 units

The actual results for 130,000 units with a new budget for 130,000 units.

The actual results for 130,000 units with the original budget for 125,000 units

It doesn't matter. All of these choices are equally useful.

Financial Accounting, Accounting

  • Category:- Financial Accounting
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