The main difference between a flexible budget and a static budget is that the static budget is not adjusted for changes in the level of activity.
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Q1: To help assess how well a manager
Q2: Comparing a static planning budget to actual
Q3: The activity variance for revenue is favorable
Q4: An unfavorable activity variance for revenue indicates
Q6: Using a flexible budget, actual results can
Q7: A revenue variance is the difference between
Q8: Fixed costs should not be included in
Q9: A revenue variance is unfavorable if the
Q10: A favorable spending variance occurs when the
Q11: Differences between the static planning budget and
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