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.