Which of the following statements is true Only statement I is true Both statements II and III are true All of the statements are true None of the statements are true 1 Differences between the static planning budget and the flexible budget show what should have happened because the actual level of activity differed from what had been planned 2 An unfavorable activity variance for revenue indicates that activity was less than expected when the static planning budget was developed 3 The activity variance for revenue is favorable if the revenue in the flexible budget exceeds the revenue in the static planning budget Which of the following statements is true 1 Differences between the static planning budget and the flexible budget show what should have happened because the actual level of activity differed from what had been planned 2 An unfavorable activity variance for revenue indicates that activity was less than expected when the static planning budget was developed 3 The activity variance for revenue is favorable if the revenue in the flexible budget exceeds the revenue in the static planning budget Only statement 1 is true Both statements II and III are true All of the statements are true None of the statements are true

Question

Which of the following statements is true  Only statement I is true  Both statements II and III are true  All of the statements are true  None of the statements are true  1  Differences between the static planning budget and the flexible budget show what should have happened because the actual level of activity differed from what had been planned  2  An unfavorable activity variance for revenue indicates that activity was less than expected when the static planning budget was developed  3  The activity variance for revenue is favorable if the revenue in the flexible budget exceeds the revenue in the static planning budget  Which of the following statements is true  1  Differences between the static planning budget and the flexible budget show what should have happened because the actual level of activity differed from what had been planned  2  An unfavorable activity variance for revenue indicates that activity was less than expected when the static planning budget was developed  3  The activity variance for revenue is favorable if the revenue in the flexible budget exceeds the revenue in the static planning budget  Only statement 1 is true  Both statements II and III are true  All of the statements are true  None of the statements are true

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Which of the following statements is true? Only statement I is true. Both statements II and III are true. All of the statements are true.

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