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Answer the Following Questions Using the Information Below

Question 110

Multiple Choice

Answer the following questions using the information below:
These questions refer to flexible-budget variance formulas with the following descriptions for the variables: A = Actual;B = Budgeted;P = Price;Q = Quantity.
-The best label for the formula (AP - BP) AQ is the:


A) efficiency variance.
B) spending variance.
C) price variance.
D) total flexible-budget variance.

Correct Answer:

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