Assume that a company's planned level of activity is 1,000 hours and its actual level of activity is 1,100 hours. Based on this information, the company's activitv variances for its variable expenses 1will: Multiple Choice 0 all be unfavorable. be favorable or unfavorable depending on each expense's cost behavior pattern. all be favorable. 000 all be zero. Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Flexible Planning Results Budget Budget Flights (91) 8 9 Students (92) 260 270 Expenses : Administrative expense ($125 + $250q1 + $3092) $8,900 $ ? What is the total administrative expense in the flexible budget? Multiple Choice O $9,075 O $9,050 O $9,000 O $9,925Which of the following statements is true'EI Multiple Choice 0 The revenue variance will be favorable if the revenue in the exible budget exceeds the revenue in the planning budget. 0 The revenue variance can be favorable or unfavorable depending on the formula used to create the flexible budget. 0 The revenue variance will equal zero if the actual revenue earned equals me revenue expected for the actual level of activity. 0 The revenue variance can be favorable or unfavorable depending on the planned level of activity