Unfavorable Flexible Budget Variances Result from ________

question 134

Multiple Choice

Unfavorable flexible budget variances result from ________.

• A)actual costs exceeding planned costs
• B)planned costs exceeding actual costs
• C)actual output exceeding planned output
• D)planned output exceeding actual output

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Definitions:

Budget Constraint

A representation of all the combinations of goods and services a consumer can afford to buy given their income and the prices of the goods.

Income

Regular payments or earnings received from labor or investments.

Nuts

Edible seeds enclosed in a hard shell, often used in the context of food and nutrition.

Berries

Little, fleshy fruits that are commonly fit for consumption, characterized by their juiciness, round appearance, vibrant hues, and a taste that may be either sweet or tart.