Q318
Difference between corresponding static budget and flexible budget amount is called
A.
sales volume variance
AnswerB.
sales mix variance
C.
sales quantity variance
D.
market share variance
Answer: Option A
Solution
Answer: Option A
Solution:
Difference between corresponding static budget and flexible budget amount is called sales volume variance. Sales volume variance is the change in revenue or profit caused by the difference between actual and budgeted sales units.