The flexible budget variance is the difference between
A)the static budget and the flexible budget.
B)the flexible budget and actual results.
C)the actual quantity and budgeted quantity.
D)the actual price and the standard price.

Question

Quizplus · Accepted Answer

The flexible budget variance is the difference between the flexible budget and actual results. This variance shows how well the company's actual revenue and expenses, based on actual activity levels, compare to what they should have been based on the flexible budget. The static budget variance is the difference between the static budget and actual results. The actual quantity and budgeted quantity are part of the production volume variance, and the actual price and standard price are part of the price variance.

The Flexible Budget Variance Is the Difference Between