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hey manager Lee County students ready for chapter 9 this chapter weamp;#39;re gonna get into flexible budgets and performance analysis weamp;#39;re essentially building on the budgeting concepts that we learned in Chapter eight but we need to consider some other factors so here we go so first understand the basic variance analysis cycle we prefer prepare performance report which really a performance report is really just a fancy name for a budget versus actual report weamp;#39;re gonna compare our budget to our actual results this chapter weamp;#39;ll learn in a little more detail how we should do that in terms of that performance report then we want to analyze any variances any amounts that differ from our budget whether itamp;#39;s over or under we need to analyze those variances raise questions itamp;#39;s not always good if we have come in under budget letamp;#39;s say we came in way under budget on our repairs and maintenance for our fleet of trucks should we be asking ques