T123-2 (book/static) Match the variance to the correct definitions. (Click on the icon to view the definitions.) Variance Definition 2. Cost variance 3. Efficiency variance 4. Flexible budget variance 5. Sales volume variance 6. Static budget variance Definition Definitions ance nce a. ce The difference between the expected results in the flexible budget for the actual units sold and the static budget. b. The difference between actual results and the expected results in the flexible budget for the actual units sold. Measures how well the business keepl unit costs of material and labor inputs within standards. d. The difference between actual results and the expected results in the static budget Measures how well the business uses its materials or human resources c. e. Print Done