Item$1$

$3$points

Time Remaining $2$ hours $14$ minutes $28$ seconds

$02$:$14$:$28$

Item $1$

Time Remaining $2$ hours $14$ minutes $28$ seconds

$02$:$14$:$28$

Which of the following statements is true?

Multiple Choice

The spending variance for a fixed expense will be unfavorable if the amount of the expense contained in the flexible budget is greater than the actual amount of the expense.

The spending variance for a fixed expense will be unfavorable if the amount of the expense contained in the flexible budget is less than the planned amount of the expense.

The spending variance for a fixed expense can be favorable or unfavorable depending on whether the actual expense is greater than or less than the planned expense.

The spending variance for a fixed expense will equal zero if the actual expense incurred equals the expense expected for the actual level of activity.