A flexible budget variance is considered to be

Question $1$ options:

a$)$

the difference between the total budgeted amount and the total standard amount.

b$)$

the difference between the flexible budget and the master $($static$)$ budget.

c$)$

the difference between actual results and the master $($static$)$ budget.

d$)$

the difference between a benchmark amount and the actual results.

e$)$

the difference between the actual results and the flexible budget.