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When actual cost exceeds cost per the flexible budget, the resulting variance is called: Multiple Choice a postitive variance because actual cost minus budgeted cost
When actual cost exceeds cost per the flexible budget, the resulting variance is called:
Multiple Choice
a "postitive variance" because actual cost minus budgeted cost equals a positive amount.
a "flexible variance" because it is based on the flexible budget.
an "unfavorable variance" because the higher actual cost decreased net income.
a "negative variance" because its effect is unfavorable.
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