A difference between the static budget based on planned volume and a flexible budget prepared at actual volume is called a
A) flexible budget variance.
B) volume variance.
C) production activity variance.
D) static budget variance.

Question

Quizplus · Accepted Answer

The volume variance is the difference between the static budget (based on planned volume) and the flexible budget (prepared at actual volume).

A Difference Between the Static Budget Based on Planned Volume