Student name: MULTIPLE CHOICE $-$ Choose the one alternative that best completes the statement or answers the question. An operating budget would not include a: A$)$ cash budget. B$)$ sales budget. C$)$ labor budget. D$)$ production budget. The purpose of the flexible budget is to: A$)$ allow management some latitude in meeting goals. B$)$ eliminate cyclical fluctuations in production reports by ignoring variable costs. C$)$ compare actual and budgeted results at virtually any level of production. D$)$ reduce the total time in preparing the annual budget. When using a flexible budget, what will happen to variable costs on a per$-$unit basis as production increases within the relevant range? A$)$ Decrease B$)$ Increase C$)$ Remain unchanged D$)$ Variable costs are not considered in flexible budgeting. In analyzing company operations, the controller of the Carson Corporation found a $$250,000$ favorable flexible budget revenue variance. The variance was calculated by comparing the actual results with the flexible budget. This variance can be wholly explained by: $($CMA adapted$)$ A$)$ the total flexible budget variance. B$)$ the total static budget variance. C$)$ changes in unit selling prices. D$)$ changes in the number of units sold.