An activity variance is the difference between an actual revenue or cost and the revenue or cost in the flexible budget that is adjusted for the actual level of activity of the period.
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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
Q16: The activity variance for revenue is favorable
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
Q22: Which of the following may appear on
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