Which of the Following Is NOT a Flexible Budget Variance

question 60

Multiple Choice

Which of the following is NOT a flexible budget variance?

• A) total fixed overhead volume variance
• B) total variable overhead variance
• C) total direct materials variance
• D) total direct labor variance

---

Definitions:

Goods and Services

The products and activities offered by businesses to satisfy economic needs or wants; goods are tangible items, while services are intangible acts or performances.

Factors of Production

Resources used in the production of goods and services, typically categorized into land, labor, capital, and entrepreneurship.

Households

Economic units consisting of all the people who occupy a housing unit, making decisions about resource allocation, consumption, and labor supply.

Goods and Services

Physical items (goods) and intangible benefits (services) that fulfill human wants or needs.