A spending variance is the difference between the amount of the cost in the static planning budget and the amount of the cost in the flexible budget.

Name: A spending variance is the difference between the amount of the cost in the static planning budget and the amount of the cost in the flexible budget.
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Question

Quizplus · Accepted Answer

A spending variance is the difference between the actual amount spent and the amount that was budgeted for that level of activity, not between the static planning budget and the flexible budget.

A Spending Variance Is the Difference Between the Amount of the Cost