Question: a . Based on the simple ( original ) operating budget, calculate the revenue, cost, and profit variances ( see Exhibit 8 . 3 ,

a. Based on the simple (original) operating budget, calculate the revenue, cost, and profit variances (see
Exhibit 8.3, part IV). Indicate if favorable (F) or unfavorable (U). Hint: complete the following table:
b. Explain the relationship between a simple budget and a flexible budget.
E-What is the advantage of flexible variance analysis compared to simple variance analysis?
a. Based on the simple (original) operating budget, calculate the revenue,

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