Given a flexible budget value of $62,000 and an actual outcome of $35,000, what is the resulting flexible budget variance?

Multiple choice question for Flexible Budget and Management Control. Select an option, then review the explanation below.

Explanation

The flexible budget variance is calculated by subtracting the actual result ($35,000) from the flexible budget amount ($62,000), resulting in $27,000.

Practice related questions from the same subject.

1.Given that the sales budget variance for operating income is $58,000 and the static budget figure is $15,000, what is the value of the flexible budget?
2.Given a flexible budget value of $82,000 and an actual outcome of $45,000, what is the variance between the flexible budget and the actual result?
3.Given a flexible budget of $27,000 and a flexible budget variance of $12,000, what is the actual amount recorded?
4.Given a sales budget variance of $47,000 and a flexible budget figure of $77,000, what is the value of the static budget?
5.Given a sales budget variance of $57,000 and a flexible budget total of $97,000, what is the value of the static budget?

Given a flexible budget value of $62,000 and an actual outcome of $35,000, what is the resulting flexible budget variance?

Explanation

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