Procuring Enabled: Exam #4 Chapter 11 and 12 (i Saved Help Save & Exit Submit 15 Which of the following statements is true? I. A spending variance is the difference between the amount of the cost in the static planning budget and the amount of the cost in the flexible budget. 2 points 00:46:29 Skipped Only statement I is true. Only statement II is true. Only statement III is true. None of the statements are true. Prey 15 of 22 Next