QUESTION 3 For each item below, identify the Variance that is described. A. The difference between the static budget and the end-of-period actual Master Budget Variance performance B. Efficiency Variance B. v Isolates the effect of changes in input cost C. Flexible Budget Variance E. The amount of the Master Budget Variance that occurs becuase the D. Price Variance actual number of units sold is not the same as the budgeted units. E. Activity Variance B. V The variance that exists if the amount of input used is not the same as what would have been planned had the company budgeted the actual number of units sold. D. When the number of units sold is held constant, the difference between actual and budgeted variable cost C. The difference between the budget variable cost adjusted to the actual volume of sales and the actual variable cost results. D. V QA (QAX PA) - QA (QA x Ps) . QA (A x Ps) - QA (9s x Ps)