Q331
In static budget, difference between corresponding budgeted amount and actual result is called
A.
sales mix variance
B.
sales volume variance
C.
flexible budget variance
D.
static budget variance
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
In static budget, difference between corresponding budgeted amount and actual result is called 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.