The difference between static budget amounts and flexible budget amounts are ________.The difference between flexible budget amounts and actual results are ________.
A)static variances; flexible budget variances
B)master variances; flexible budget variances
C)quantity variances; static budget variances
D)activity level variances; flexible budget variances

Question

Quizplus · Accepted Answer

The difference between static budget amounts and flexible budget amounts are referred to as activity level variances as they arise due to the difference in the level of activity planned and achieved. 
The difference between flexible budget amounts and actual results are referred to as flexible budget variances as they arise due to the difference in actual activity level and the level of activity planned in the flexible budget.

The Difference Between Static Budget Amounts and Flexible Budget Amounts