The Flexible Budget Variance Is the Difference Between the ________

question 30

Multiple Choice

The flexible budget variance is the difference between the ________.

• A) actual results and the expected results in the flexible budget for the actual units sold
• B) expected results in the flexible budget for the units expected to be sold and the static budget
• C) flexible budget and actual amounts due to differences in volumes
• D) flexible budget and static budget due to differences in fixed costs

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Definitions:

Inflow Of Cash

Money or cash equivalents coming into a business, typically from operations, investments, or financing activities.

Bond Payable

A financial instrument representing a loan made by an investor to a borrower, typically corporate or governmental, with a promise to pay back the principal along with interest on specified dates.

Operating Activities

Activities that constitute the primary or main activities of a company, such as selling goods and services, which are reflected in the income statement.

Statement Of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives.