Flexible Budget Variances Are the Difference Between the Actual Results

question 8

Multiple Choice

Flexible budget variances are the difference between the actual results and ________.

• A) the static budget for the planned level of output
• B) the flexible budget for the planned level of output
• C) the flexible budget for the actual level of output
• D) the master budget for the planned level of output

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Definitions:

AGVs

Automated Guided Vehicles; robotic vehicles used for transporting materials around a manufacturing facility, warehouse, or other environments without direct human intervention.

CNC

Acronym for Computer Numerical Control, a process used in manufacturing that involves the use of computers to control machine tools.

Computer-Integrated Manufacturing

A system of manufacturing in which the entire production process is controlled by computer, from the initial design and manufacturing of the product to its final delivery.

Flexible Manufacturing System

An approach to manufacturing that allows for the easy adaptation of processes and machines to make different products or parts.