1. Which of the following statement is FALSE?

a. The difference between the static budget and the flexible budget is the sale-volume variance.

b. The difference between allocated and budgeted overhead is the production volume variance

c. The amount of variable overhead allocated equals toe flexible budget amount

d. The production volume variance arises for both fixed and variable overhead cost

2.Flexible-budget variance measure:

aWhat the costs and revenues should have been for the budgeted number of the outputs.

b.the differences between budgeted expenditures and actual expenditure for the budgeted number of outputs

c.the difference between budgeted and actual variable costs.

d.the difference between expected expenditures for the actual number of outputs and the actual expenditures for the actual number of outputs

e.what the costs and revenues should have been for the static budgeted number of outputs