Which of the following statements is true of the difference between cost variances and efficiency variances?
A) It pertains to the difference between the static budget and actual results.
B) It pertains to the difference between the flexible budget and actual results.
C) It pertains to the difference between the flexible budget and the static budget.
D) It pertains to the difference between the static budget and the previous year's actual results.
Correct Answer:
Verified
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