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) (AQ) - (BP) (AQ) ] is the:
A) price variance.
B) total flexible-budget variance.
C) efficiency variance.
D) spending variance.
Correct Answer:
Verified
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