A variable or flexible budget is so named because it only focuses on variable costs.
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Q18: Another name for a static budget is
Q19: Standard material costs, standard labor costs, and
Q20: Standard costs can be used by management
Q21: A direct labor cost variance can be
Q22: A flexible budget expresses variable costs on
Q24: The purchasing department is usually responsible for
Q25: A flexible budget expresses all costs on
Q26: An unfavorable variance is recorded with a
Q27: A volume variance occurs when the company
Q28: A fixed budget performance report never provides
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