The activity variance for revenue is favorable if the actual level of activity for the period exceeds the planned level of activity.
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Q4: When a flexible budget is used in
Q5: A flexible budget can be used to
Q6: While fixed costs should not be affected
Q7: A favorable spending variance occurs when the
Q8: If the actual level of activity is
Q10: An activity variance is due solely to
Q11: The revenue and spending variances are the
Q12: A spending variance is the difference between
Q13: If activity is higher than expected,total variable
Q14: A revenue variance is favorable if the
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