Question 21:

Comparing the actual results for a period to the master budget for the same period is more informative than comparing actual results to a flexible budget.

True

False

Question 18:

If a company has 10% higher sales than budgeted in the master budget, this will cause the fixed expenses to show generally unfavourable variances on the flexible budget performance report.

True

False

Question 17:

The Sales Price variance can be deduced if the following variances are known:

Group of answer choices

Sales Mix variance, Total variance and Sales Quantity variance.

Sales Volume variance and Sales Mix variance.

Sales Mix variance and Sales Quantity variance.

Total variance, Sales Mix variance and Market Share variance.