A spending variance is the difference between how much a cost should have been,given the actual level of activity,and the actual amount of the cost for the period.
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Q7: A favorable spending variance occurs when the
Q8: If the actual level of activity is
Q9: The activity variance for revenue is favorable
Q10: An activity variance is due solely to
Q11: The revenue and spending variances are the
Q13: If activity is higher than expected,total variable
Q14: A revenue variance is favorable if the
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
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