Flexible Budget Variance Is the Difference Between The

question 162

Multiple Choice

Flexible budget variance is the difference between the:

• A)actual results and the expected results in the flexible budget for the actual units sold.
• B)expected results in the flexible budget for the units expected to be sold and the static budget.
• C)flexible budget and actual amounts due to differences in volumes.
• D)flexible budget and static budget due to differences in fixed costs.

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Definitions:

Sandstone

A sedimentary rock composed mainly of sand-sized minerals or rock grains.

Shale

A fine-grained sedimentary rock that can contain significant amounts of oil and natural gas.

Magnitude 9.0

A measure on the Richter scale indicating an extremely powerful earthquake, capable of causing widespread destruction and significant alteration of the Earth's surface.

Lava Rock

A volcanic rock formed from the cooling and solidification of molten lava.