The difference between an actual budget and the corresponding amount in static budget is classified as Options: A . &nbspcorrespondent budget B . &nbspfull budget variance C . &nbspmethodology variance D . &nbspstatic budget variance

The difference between an actual budget and the corresponding amount in static b

Question

The difference between an actual budget and the corresponding amount in static budget is classified as

Options:

A . correspondent budget

B . full budget variance

C . methodology variance

D . static budget variance

Answer: Option D
Answer: (d).static budget variance

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Question 1. If an actual result is $50000 and the static budget variance is $25000, then the static budget amount will be....

Question 2. If the actual price input is $500, the budgeted price of input is $300 and the actual quantity of input is 50 units, the....input is 50 units, then the price variance would be

Question 3. If an actual result is $250000 and the static budget amount is $150000, then the static budget variance for operating in....then the static budget variance for operating income will be

Question 4. The price variance for direct manufacturing labor is referred as....

Question 5. The master budget, which is based on the planned output level at the start of budget period is considered as....

Question 6. The consideration of increased operating income relative to budgeted amount is classified as....

Question 7. If the actual input quantity is 300 units and the budgeted input quantity is 100 units, then the efficiency variance wil....quantity is 100 units, then the efficiency variance will be

Question 8. If the static budget variance is $38000 and the static budget amount is $12000, then an actual result would be....

Question 9. If an actual price of material is $700 and the budgeted price is $900, then the....

Question 10. In costing and budgeting hierarchy, an example of product sustaining cost is....

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