The Difference in Dollars Between Amounts in the Static Budget

question 102

Multiple Choice

The difference in dollars between amounts in the static budget and the flexible budget is called the

• A) flexible budget variance.
• B) sales volume variance.
• C) static budget variance.
• D) actual variance.

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Definitions:

Monthly Index

A monthly index is a statistical measure that tracks changes in a variable, such as prices or economic activity, over time compared to a base period.

Seasonal Index

A statistical measure used to identify and quantify the predictable and recurring fluctuations in demand, sales, or other business metrics within specific periods throughout the year.

Meals Served

The total number of complete meals provided to individuals, often used as a measure in food services, restaurants, or institutional feeding.

Seasonal Index

A statistical measure that reflects the typical fluctuation of a variable (like sales or production) due to seasonal effects.