Answer :
The flexible budget performance report directs management's attention to areas where:corrective action can help control operations.
What is flexible budget performance report?
Flexible budget performance report can be defined as the type of report that enables the management of a company to determine the difference between quantity variance and price variances.
Flexible budget performance report is important for companies as it draw their attention to areas were they need to take corrective action that will lead to efficiency.
Inconclusion it directs management's attention to areas where:corrective action can help control operations.
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Answer:
Costs differ substantially from budgeted amounts
Revenues differ substantially from budgeted amounts
Explanation: