PLEASE DO NOT EVEN ATTEMPT THIS IF YOU ARE NOT WILLING TO DO ALL OF THESE QUESTIONS IF YOU ARE NOT WILLING TO DO ALL, SOMEONE ELSE WILL BE, PLEASE DO NOT WASTE MY QUESTION 91What is a static planning budget 92What is a flexible budget and how does it differ from a static planning budget 93What are some of the possible reasons that actual results may differ from what had been budgeted at the beginning of a period 94Why is it difficult to interpret a difference between how much expense was budgeted and how much was actually spent 95What is an activity variance and what does it mean 96What is a revenue variance and what does it mean 97What is a spending variance and what does it mean 98What does a flexible budget performance report do that a simple comparison of budgeted to actual results does not do 99How does a flexible budget based on two cost drivers differ from a flexible budget based on one cost driver 910What assumption is implicitly made about cost behavior when actual results are directly compared to a static planning budget Why is this assumption questionable 911What assumption is implicitly made about cost behavior when all of the items in a static planning budget are adjusted in proportion to a change in activity Why is this assumption questionable

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PLEASE DO NOT EVEN ATTEMPT THIS IF YOU ARE NOT WILLING TO DO ALL OF THESE QUESTIONS! IF YOU ARE NOT WILLING TO DO ALL,

PLEASE DO NOT EVEN ATTEMPT THIS IF YOU ARE NOT WILLING TO DO ALL OF THESE QUESTIONS! IF YOU ARE NOT WILLING TO DO ALL, SOMEONE ELSE WILL BE, PLEASE DO NOT WASTE MY QUESTION

91What is a static planning budget?
92What is a flexible budget and how does it differ from a static planning budget?
93What are some of the possible reasons that actual results may differ from what had been budgeted at the beginning of a period?
94Why is it difficult to interpret a difference between how much expense was budgeted and how much was actually spent?
95What is an activity variance and what does it mean?
96What is a revenue variance and what does it mean?
97What is a spending variance and what does it mean?
98What does a flexible budget performance report do that a simple comparison of budgeted to actual results does not do?
99How does a flexible budget based on two cost drivers differ from a flexible budget based on one cost driver?
910What assumption is implicitly made about cost behavior when actual results are directly compared to a static planning budget? Why is this assumption questionable?

911What assumption is implicitly made about cost behavior when all of the items in a static planning budget are adjusted in proportion to a change in activity? Why is this assumption questionable?