Which of the Following BEST Describes Flexible Budget Variance

question 84

Multiple Choice

Which of the following BEST describes flexible budget variance?

• A) Difference between actual amounts and the flexible budget due to differences in price and costs
• B) Difference between the flexible budget and static budget due to differences in volumes
• C) Difference between the flexible budget and actual amounts due to differences in volumes
• D) Difference between the flexible budget and static budget due to differences in fixed expenses

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Definitions:

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention until it is associated with an unconditioned stimulus.

Positive Reinforcement

A technique used in behavior analysis to increase the likelihood of a desired response by adding a reward after the desired behavior is exhibited.

Restructured Ideas

Concepts or theories that have been revised or reorganized to incorporate new information or perspectives.

Cognitive Development

The development of cognitive functions such as memory, solving problems, and making decisions, from childhood and teenage years into adult life.