Q512
Difference between flexible budget amount and corresponding actual result is called
A.
corresponding variance
B.
resultant variance
C.
flexible budget variance
AnswerD.
static budget variance
Answer: Option C
Solution
Answer: Option C
Solution:
Difference between flexible budget amount and corresponding actual result is called flexible budget variance. A flexible budget is a budget that adjusts or flexes with changes in volume or activity. The flexible budget is more sophisticated and useful than a static budget.