comparing a static plget to acual coetotnffences in co True or F are due to changes in activity and differences that are dun to how well cots were con 2. Fixed costs should be included in a fexitle budget even though they do not change when the level of ty True or Fal 3. A spending variance is not caused by the change in activity level True or False 4. Finn's Blaster Corp. compares its flexible budget to its static budget prepared at the beginning of the month. wWhen the actual level of activity is more than the budgeted level of activity, which of the following would be true? a. Variable costs would show favorable variances b. Variable costs would show unfavorable variances c. Fixed costs would show favorable variances d. Fixed costs would show unfavorable variances 5. Chicago Med uses client-visits as its measure of activity. During November, the clinic budgeted for 2,550 visits, but its actual level of activity was 2,500 client-visits. The clinic has provided the following data conc the formulas to be used in its budgeting: Variable Fixed element per month element per $44.00 Revenue Personnel expenses.. $26,200 1,200 8,200 4.700 S40.300 $12.50 8.70 1.20 0.30 $22.70 Total expenses The medical supplies in the flexible budget for November would be closest to: a. $22,185 b. $22,950 c. $23,000 d. $23,385