Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

which formula is correct for budget variance. Please see below: * Static Budget Variance =(Static Budget-Actual) Flexible Budget Variance = (Flexible Budget-Actual) * Static Budget

which formula is correct for budget variance. Please see below:

* Static Budget Variance =(Static Budget-Actual) Flexible Budget Variance = (Flexible Budget-Actual)

* Static Budget Variance =(Actual- Static Budget-) Flexible Budget Variance = (Actual- Flexible Budget)

Please make it more clear do I need to subtract budget from actual or actual from budget?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An Integrated Approach

Authors: Michael Gibbins

6th Edition

0176407251, 978-0176407254

More Books

Students also viewed these Accounting questions

Question

How frequently may an Archer MSA be rolled over

Answered: 1 week ago