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- Subject
- Flexible Budget and Management Controlaccounting-mcqs › cost-accounting-mcqs › flexible-budget-and-management-control
- Published
- 9 May 2023
- Last updated
- 28 May 2026
The difference between the actual results and the flexible budget is used to determine which type of variance?
Multiple choice question for Flexible Budget and Management Control. Select an option, then review the explanation below.
Explanation
The variance calculated by subtracting the flexible budget from the actual results is known as the flexible budget variance. This measures how actual performance compares to the flexible budget, which adjusts for the actual level of activity.
More Flexible Budget and Management Control MCQs
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?