On the Line at the End of Each Sentence, Put

On the line at the end of each sentence, put the letter of the phrase that best completes the
sentence.
A. Actual number of outputs
B. Expected number of outputs
C. Sales volume variance
D. Beginning of the period
E. End of the period
F. Flexible budget variance
G. Static budget variance
1. The flexible budget used in an income statement performance report is based on the ________.
2. The master budget is based on the ________.
3. The difference between actual costs and the costs that should have been incurred for the actual number of outputs is the ________.
4. The flexible budget used in an income statement performance report is developed at the ________.
5. The static budget is developed at the ________.