The difference between actual revenues and expenses and the flexible budget is known as the:

A. flexible budget variance

B. master budget variance

C. static budget variance

D. volume variance

Identify which responsibility center would best describe the following:

The production line of American Apparel, where clothing is manufactured.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

The subscription sales department of the New York Times.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

The corporate division of Disney, Inc. responsible for revenues, costs, and managing its division's assets.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

A Target store, which is part of the national store brand, and reports its own revenues and costs.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center