Question
1. TRUE or FALSE If your Flexible Budget had a expense of $10,000 and the actual expense cost $11,000 based on a higher level of
1. TRUE or FALSE If your Flexible Budget had a expense of $10,000 and the actual expense cost $11,000 based on a higher level of activity. This would be an example of a Unfavorable Variance.
2. TRUE or FALSE A Spending Variance could be defined as the difference between budgeted expenses and those expenses adjusted for a higher activity.
3. TRUE or FALSE The difference in Estimated (Budgeted) q and Actual q is called the Activity Variance.
4. TRUE or FALSE I would have an unfavorable Activity Variance if the Estimated q was higher than the actual q.
5. TRUE or FALSE If your Flexible Budget had a expense of $10,000 and the actual expense cost $11,000 based on financial records. This would be an example of a Unfavorable Variance.
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