A Flexible-Budget Variance for Any Fixed Cost

question 48

Multiple Choice

A flexible-budget variance for any fixed cost:

• A)Is defined as the difference between flexible-budget fixed cost and the level of fixed costs reflected in the master (static)budget.
• B)Is undefined,except when actual output equals budgeted output.
• C)Is typically zero,because the volume assumed in the flexible budget and the master budget for fixed costs is identical.
• D)Is the difference between budgeted fixed cost and actual fixed cost.

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Definitions:

Class Exception

A type of object in Java that represents errors or issues that occur during the execution of a program.

Subclasses

Classes that derive from a superclass and can inherit its properties and methods, potentially overriding them.

NoSuchElementException

An exception thrown in Java when one attempts to access an element that does not exist, often in the context of iterators.