The flexible-budget variance may be the result of inaccurate forecasting of units sold.

Name: The flexible-budget variance may be the result of inaccurate forecasting of units sold.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The flexible-budget variance is the difference between the actual results and the flexible budget, which is adjusted for the actual level of output. It is not directly caused by inaccurate forecasting of units sold, but rather by differences in costs or efficiencies.

The Flexible-Budget Variance May Be the Result of Inaccurate Forecasting