Question: The flexible budget variance is the difference between the Flexible Budget and (the Master Budget / Actuals) . The flexible budget variance compares budgeted amounts

The flexible budget variance is the difference between the Flexible Budget and (the Master Budget / Actuals).

The flexible budget variance compares budgeted amounts for (actual / expected) output to actuals for (actual / expected) output.

Who is generally responsible for flexible budget cost variances? (Sales / Production) manager

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