Match Each of the Following Terms to the Definitions Below

Match each of the following terms to the definitions below by entering the letter of the term on the line in front of the definition.
A.Flexible budget
B.Flexible budget variance
C.Static budget
D.Variance
E.Sales volume variance
____ The difference arising only because the number of units actually sold differs form the static budget units
____ The difference arising because the company actually earned more or less revenue,or
incurred more or less cost,than expected for the actual level of output
____ The budget prepared for only one level of sales volume
____ The difference between an actual amount and the budget
____ A summarized budget for several levels of volume that separates variable costs from fixed costs