Q167
Difference between an actual budget and corresponding amount in static budget is classified as
A.
correspondent budget
B.
full budget variance
C.
methodology variance
D.
static budget variance
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Difference between an actual budget and corresponding amount in static budget is classified as static budget variance. Static budget variances are the differences between what a company or individual thought it would spend in its budget versus what it actually did.