The total variable cost flexible-budget variance for any given period:

Multiple Choice

• Is directly affected by the difference between actual sales volume and the sales volume embodied in the flexible budget.

• Is decomposable into production-volume and production-mix components.

• Can be broken down into flexible-budget variances for major costs such as materials, labor, variable overhead, and variable selling expenses.

• Is decomposable into sales-volume and sales-mix components.

• Is the difference between actual total variable cost incurred and master budgeted total variable cost.