Question 26 1 Barlow Company had the following results for November 2011 ACTUAL Sales Revenues FLEXIBLE BUDGET MASTER BUDGET 465.000 450,000 500,000 Van Expres 280.000 270,000 300.000 165.000 170.000 170.000 Operating Income 20,000 10.000 30,000 Barlow investigates flexible budget variances for revenues or expenses if they are greater than 10% of the flexible budget. Which flexible budget varince should be investigated? Sales revenues Variable expenses Fixed expenses None of these