The activity variance for revenue is favorable if the actual revenue for the period exceeds the revenue in the static planning budget.
Correct Answer:
Verified
Q11: Differences between the static planning budget and
Q12: When the activity measure is the number
Q13: A revenue variance is favorable if the
Q14: Fixed costs should not be ignored when
Q15: In a flexible budget, when the activity
Q17: An activity variance is the difference between
Q18: Actual costs are determined by plugging the
Q19: A spending variance is the difference between
Q20: Fixed costs should usually be included in
Q21: The activity variance for expenses in October
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents