Respond that the following statements are TRUE or FALSE:

1) The sales volume variance is a result of the difference between the actual selling price and the budgeted selling price.

2) Flexible budget variance is the difference between expected results in the flexible budget for the actual units sold and the static budget.

3) The flexible budget variance is the difference between the actual results and the expected results in the flexible budget for the actual units sold.

4) A static budget presents financial data at multiple levels of sales volume.