The static-budget variance is the difference between an actual result and the corresponding budgeted amount in the static budget.

Name: The static-budget variance is the difference between an actual result and the corresponding budgeted amount in the static budget.
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Question

Quizplus · Accepted Answer

The static-budget variance is specifically the difference between an actual result and the amount budgeted in the static budget. It does not take into account any changes or adjustments made after the original budget was created.

The Static-Budget Variance Is the Difference Between an Actual Result