The flexible budget variance is the difference between the ________
A) actual results and the expected results in the flexible budget for the actual units sold
B) expected results in the flexible budget for the units expected to be sold and the static budget
C) flexible budget and actual amounts due to differences in volumes
D) flexible budget and static budget due to differences in fixed costs
A
You might also like to view...
On January 1, 20x3, Fallon Company, a manufacturer of consumer products, had a balance in direct materials inventory of $100,000 . During the year, an additional $400,000 of direct materials were purchased. Also during 20x3, direct materials worth $450,000 were transferred to work-in-process inventory. What was Fallon Company's ending direct materials inventory at December 31, 20x3?
a. $15,000 b. $25,000 c. $50,000 d. $100,000 e. $0
Describe the accounting for minority, active investments