Match the variance to the correct definition.
-Flexible budget variance
A) measures how well the business uses its materials or human resources
B) the difference between the expected results in the flexible budget for the actual units sold and the static budget
C) the difference between actual results and expected results in the flexible budget for the actual units sold
D) measures how well the business keeps unit material and labor costs within standards
E) the difference between actual results and the expected results in the static budget
Correct Answer:
Verified
Q86: Match the variance to the correct definition.
-Sales
Q87: Seaworthy Designs manufactures special metallic materials and
Q88: Purchase discounts,freight in and receiving costs _.
A)
Q89: The sum of the cost variances and
Q90: Match the variance to the correct definition.
-Static
Q92: Only substantial unfavorable variances should be investigated
Q93: Aquatic Marine Stores Company manufactures special metallic
Q94: When favorable variances are added to unfavorable
Q95: The efficiency variance measures _.
A) the difference
Q96: A favorable direct materials cost variance occurs
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