With an Activity Flexible Budget, a Budget Variance Is Calculated

question 168

Multiple Choice

With an activity flexible budget, a budget variance is calculated

• A)based on a flexible budget based on cost for actual units produced.
• B)based on a flexible budget based on various activity drivers for actual units produced.
• C)based on a flexible budget based on flexible manufacturing.
• D)based on a flexible budget based on committed resources for actual units produced.

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Definitions:

Bond A

A type of fixed-income investment where an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.

Yield To Maturity

the total return anticipated on a bond if the bond is held until it matures, considering both interest payments and capital gain.

10 ½% Bond

A bond that pays an annual interest rate of ten and a half percent of its face value.

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date.