What is the difference between the actual amounts and the flexible amounts for the actual output achieved called?

Question

Quizplus · Accepted Answer

The flexible budget variance is the difference between the flexible budget (which adjusts for changes in volume) and the actual amounts incurred. The production volume variance measures the difference between the budgeted cost for the original level of output and the budgeted cost for the actual level of output. The sales volume variance measures the difference between the budgeted profit and the actual profit resulting from the difference between budgeted and actual sales. Non-standard cost variances refer to differences between actual and budgeted costs for each unit of input, not for the overall output achieved.

What Is the Difference Between the Actual Amounts and the Flexible