Activity variances are calculated by comparing: multiple choice 1 the amounts in the flexible budget to the standard actual amounts. the amounts in the planning budget to the actual amounts. the amounts in the flexible budget to the actual amounts. the amounts in the flexible budget to the amounts in the planning budget. If the actual level of activity exceeds the planned level of activity, then: multiple choice 2 any fixed expense will have an unfavorable activity variance. any fixed expense will have a favorable activity variance. any variable expense will have an unfavorable activity variance. any variable expense will have a favorable activity variance