Question: An activity variance is the difference between: a revenue or cost item in the static planning budget and the same item in the flexible budget.

An activity variance is the difference between:
a revenue or cost item in the static planning budget and the same item in the flexible budget.
how much the revenue should have been, given the actual level of activity, and the actual revenue for the period.
how much a cost should have been, given the actual level of activity, and the actual amount of the cost.
none of the above.
An activity variance is the difference between: a

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

48. The difference between the actual amount of the cost of an item and how much the cost should have been given the actual level of activity is referred to as O a spending variance O a quantity...

Q:

URGENT!!! please answer this accounting question! thank you!!! ;) Which of the following statements is/are true? An activity variance is the difference between a revenue or cost item in the flexible...

Q:

Question 3 An activity variance is the difference between the amount of the cost in the static planning budget and the amount of the cost in the flexible budget. True False

Q:

An unfavorable activity variance for revenue indicates that activity was less than expected when the static planning budget was developed. Question 1 options: True False Question 2 ( 1 point ) Using...

Q:

Procuring Enabled: Exam #4 Chapter 11 and 12 (i Saved Help Save & Exit Submit 15 Which of the following statements is true? I. A spending variance is the difference between the amount of the cost in...

Q:

A spending variance is the difference between the amount of the cost in the static planning budget and the amount of the cost in the flexible budget. true or false?

Q:

Match each term to the correct definition (CHAPTER 9) Question 5 options: is the difference between the actual revenue for the period and how much the revenue should have been, given the actual level...

Q:

An activity (or volume) variance is best described as: Select one: a: The difference between a revenue or cost item in the flexible budget and the same item in the static budget b. The difference...

Q:

When using a flexible budget, a decrease in activity within the relevant range: A spending variance is the difference between the amount of the cost in the static planning budget and the amount of...

Q:

please help me Match the definitions shown A.Activity Variance B.Flexible Budget E.Management by exception C.Labor efficiency variance F.Materials price variance G.Materials quantity variance...

Q:

Purchases of supplies are done by Lala, based on purchase requests submitted by the managers. Payments are approved by Koko and payment cheques are signed by Mimi. The financial accounting function...

Q:

For a specific business/organization, describe 3 items a manager is "responsible" for BUT does not have complete "control" over - explain your rationale.

Q:

Cu l de los siguientes se encuentra normalmente en el plasma, pero NO en el filtrado glomerular?Pregunta 1 4 Seleccione una:a . Vitaminasb.Desechos nitrogenadosc.Nutrientesd.Aguae.Prote nas grandes

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....