math math math 1

1.What is a flexible budget and how does it differ from a static planning budget?

2.What are some of the possible reasons that actual results may differ from what had been budgeted at the beginning of a period?

3.What is an activity variance and what does it mean?

4.What is a revenue variance and what does it mean?

5.What is a spending variance and what does it mean?

 
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