Match the Variance to the Correct Definition

question 93

Multiple Choice

Match the variance to the correct definition.
-Flexible budget variance

• A)measures how well the business uses its materials or human resources
• B)the difference between the expected results in the flexible budget for the actual units sold and the static budget
• C)the difference between actual results and expected results in the flexible budget for the actual units sold
• D)measures how well the business keeps unit material and labor costs within standards
• E)the difference between actual results and the expected results in the static budget

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Definitions:

Juice

A liquid that is naturally contained in fruit and vegetables, often consumed as a beverage.

Glasses

Eyewear with lenses designed to correct refractive errors and improve vision.

Abbreviation

A shortened form of a word or phrase, used to save space or avoid repetition.

Drop

A small amount of liquid, made in a roughly spherical shape, often used to describe measurements of liquids.