The static budget compared to the flexible budget provides the profit variance that is due to volume difference.
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Q17: The sales price variance is caused by
Q18: The only variance for overhead is the
Q19: Revenue drivers include competition, market share and
Q20: Total budgeted revenues can be calculated using
Q21: The total direct labour variance can be
Q23: Under standard costing direct materials are recorded
Q24: The direct materials efficiency variance compares the
Q25: The information required for the market size
Q26: Change in market size multiplied by budgeted
Q27: The product mix variance is only useful
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