An Unfavorable Flexible-Budget Variance for Variable Costs May Be the Result

question 31

Multiple Choice

An unfavorable flexible-budget variance for variable costs may be the result of:

• A)using more input quantities than were budgeted
• B)paying higher prices for inputs than were budgeted
• C)selling output at a higher selling price than budgeted
• D)Both A and B are correct.

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Definitions:

Government Enactments

Laws, regulations, or legal provisions that have been officially passed or approved by a governmental body.

Legislative Branch

The branch of government responsible for making laws, often composed of a parliament or a similar legislative body.

Charter Rights

Rights and freedoms that are guaranteed under the Canadian Charter of Rights and Freedoms, including freedom of expression, right to a fair trial, and protection against discrimination.

Legal Excuse

A legally valid justification for an act that would otherwise be considered illegal, relieving the actor from liability.