Question 1
The flexible budget variance is the difference between
◦ the actual quantity and budgeted quantity.
◦ the static budget and the flexible budget.
◦ the flexible budget and actual results.
◦ the actual price and the standard price.
Question 2
The sales volume variance is the difference between
◦ the actual quantity and budgeted quantity.
◦ the static budget and the flexible budget.
◦ the flexible budget and actual results.
◦ the actual price and the standard price.