Comparing a static planning budget to actual costs is a not good way to assess whether variable costs are under control.
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Q1: To help assess how well a manager
Q4: If activity is higher than expected,total fixed
Q6: Using a flexible budget, actual results can
Q10: A favorable spending variance occurs when the
Q12: When the activity measure is the number
Q14: Fixed costs should not be ignored when
Q15: In a flexible budget, when the activity
Q16: The activity variance for revenue is favorable
Q17: An activity variance is the difference between
Q18: Actual costs are determined by plugging the
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