A revenue variance is favorable if the revenue in the static planning budget exceeds the revenue in the flexible budget.
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Q9: The activity variance for revenue is favorable
Q10: An activity variance is due solely to
Q11: The revenue and spending variances are the
Q12: A spending variance is the difference between
Q13: If activity is higher than expected,total variable
Q15: The activity variance for revenue is unfavorable
Q16: Fixed costs should not be included in
Q17: A static budget:
A)should be compared to actual
Q18: Directly comparing static budget costs to actual
Q19: Flexible budgets cannot be used when there
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