A spending variance is the difference between the cost in the static planning budget and the actual amount of the cost for the period.
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Q1: The revenue and spending variances are the
Q2: A planning budget is prepared before the
Q3: A revenue variance is favorable if the
Q5: A flexible budget can be used to
Q6: Comparing a static planning budget to actual
Q7: The activity variance for revenue is unfavorable
Q8: A flexible budget cannot be used to
Q9: Controllability has little to do with whether
Q10: A flexible budget should not be used
Q11: A favorable spending variance occurs when the
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