A favorable spending variance occurs when the actual cost exceeds the amount of the cost in the static planning budget.
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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
Q12: Fixed costs should be included in a
Q13: An unfavorable spending variance may reflect waste
Q14: Directly comparing a static planning budget to
Q15: Fixed costs should be ignored when evaluating
Q16: An activity variance is due to the
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