The Budget Variance Arises from a Comparison Of

question 3

Multiple Choice

The budget variance arises from a comparison of:

• A) budgeted fixed overhead expenditures with budgeted fixed overhead costs.
• B) actual fixed overhead costs with budgeted fixed overhead costs.
• C) actual variable overhead expenditures with budgeted variable overhead costs.
• D) variable overhead costs with budgeted fixed overhead costs.
• E) static-budget amounts with flexible-budget amounts.

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Definitions:

Feedback Control

A control that takes place after an action is completed.

Completed

The state of having finished or accomplished a task, project, or objective.

Central Question

The primary or core question that guides the focus of a research study, discussion, or project.

External Control

Mechanisms imposed by external entities, such as regulations or laws, that influence or limit the behavior of organizations or individuals.