A report that summarizes actual costs, standard costs, and the differences for the units produced is called a

A) zero-based budget report
B) budget performance report
C) master budget
D) budget

Budget Performance Report

A financial report that compares actual financial results to planned or budgeted figures, highlighting variances and their causes.

Actual Costs

The genuine expenses incurred in the production of goods or delivering services, without estimation.

Standard Costs

Predetermined or estimated costs used to measure the efficient use of resources in production.