Q196
Budget, which highlights difference between actual quantity and budgeted quantity is termed as
A.
actual cost budget
B.
flexible budget variance
AnswerC.
inflexible budget
D.
hourly budget
Answer: Option B
Solution
Answer: Option B
Solution:
Budget, which highlights difference between actual quantity and budgeted quantity is termed as flexible budget variance. A flexible budget variance is any difference between the results generated by a flexible budget model and actual results.