Which of the following does the cost variance model use to analyze differences between actual and budgeted profits?
A)Flexible production budget.
B)Fixed production budget.
C)Prior period's production budget.
D)Generally accepted accounting principles.

Question

Quizplus · Accepted Answer

The cost variance model typically uses a flexible production budget to analyze differences between actual and budgeted profits. This allows for adjustments based on actual production levels, providing a more accurate comparison.

Which of the Following Does the Cost Variance Model Use