trying to figure out the difference between static and flexible??

Assign Managerial Accounting sp20 christine pardo $ | 04/30/20 1:04 PM Homework: Chapter 8 Homework Save Score: 0 of 1 pt 4 of 4 (2 complete) HW Score: 44. 12%, 1.76 of 4 pts E8-33 (similar to) Question Help Consider the following data: (Click the icon to view the data.) Requirement 1. Compute the price, quantity, and flexible-budget variances for direct materials and direct labor. Use U or F to indicate whether the variances are unfavorable or favorable. Begin by computing the price variance for direct materials. First enter the formula, then compute the variance. Be sure to label the variance as favorable or unfavorable. (Enter the variances as a positive number. Abbreviations used Act. = Actual, Std. = Standard, Bgt. = Budget: Qty. = Quantity.) Price variance X er to) (0/1) Data Table Direct Materials Direct Labor Costs incurred: actual inputs x actual prices incurred 51.946 80,840 Actual inputs x expected prices 160,310 87.376 Standard inputs allowed for actual outputs achieved x expected prices 156.400 91,440 Choose from any Print Done LO parts Check Answer remaining