Match the following terms with the items below:
-Static budget
A)Difference between the actual amount and the flexible budget amount
B)A budget that specifies costs for a range of activity
C)A budget for a particular level of activity
D)A report that compares actual with planned costs
E)Actual variable overhead − (SVOR × Actual hours)

Question

Match the following terms with the items below:
-Static budget
A)Difference between the actual amount and the flexible budget amount
B)A budget that specifies costs for a range of activity
C)A budget for a particular level of activity
D)A report that compares actual with planned costs
E)​Actual variable overhead − (SVOR × Actual hours)

Quizplus · Accepted Answer

A static budget is a fixed budget created for a specific level of activity and does not change with the actual level of activity achieved.

Match the Following Terms with the Items Below