Which of the Following Reflects the Static-Budget Variance

question 120

Multiple Choice

Which of the following reflects the static-budget variance?
Variant question

• A)The difference between the static-budget amount and the sales volume variance
• B)The difference between the budget amount in the static budget and the amount in the flexible budget
• C)The difference between an actual result and the budget amount in the static budget
• D)The difference between an actual result and the flexible budget amount

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Definitions:

Eliminate Unrecognized

The process of removing gains, losses, or other items that have not been realized or acknowledged formally from the financial statements.

Intra-entity Gross Profit

The profit recorded from transactions that occur within the same entity, often eliminated in consolidation.

Eliminate Intra-entity Transfer

The process of removing sales and purchases of goods or services made between companies within the same corporate group in consolidated financial statements.