Question
actual results flexible budget activity level 2,000 units 2,000 units revenues $200,000 $210,000 expenses $190,000 $175,000 Based on the comparison above which statement is correct?
| actual results | flexible budget | |
| activity level | 2,000 units | 2,000 units |
| revenues | $200,000 | $210,000 |
| expenses | $190,000 | $175,000 |
Based on the comparison above which statement is correct?
| a favorable revenue variance and unfavorable spending variance exists | ||
| an unfavorable revenue variance and unfavorable spending variance exists | ||
| a favorable revenue variance and favorable spending variance exists | ||
| an unfavorable revenue variance and favorable spending variance exists
Which is correct? |
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
