eted, total fixed costs should be higher than expected. If activity is lower than o included in a flexible budget because they do not change when the level of activity 10 Which of the following statements is true? A. If activity is higher than expected, total fixed cos expected, total fixed costs should be lower than expected B Fixed costs should not be included in a flexible bu changes. A revenue variance is favorable if the actual revenue is greater budget D. A spending variance is the di amount of the cost in the flexible budget. E To help assess how well a manager has controlled costs, ac have been for the actual level of activity. C. ne actual revenue is greater than the revenue in the master (static planning) variance is the difference between the amount of the cost in the master (static planning) budget and the nanager has controlled costs, actual costs should be compared to what the costs should 11 Grant Corporation's flexible buc Corporation's flexible budget cost formula for utilities, a variable cost, is $0.60 per unit of output. The company's performance report for last month shows a $800 unfavorable spending variance for utilities 19,000 units of output were produced last month, then the actual costs incurred for utilities for the month must have been: $ 6,200 $ 4,600 $ 5,400 $ 3,720 None of the above