1. Which of the following statement is FALSE? a. The difference between the static budget and...

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Accounting

1. Which of the following statement is FALSE?
a. The difference between the static budget and the flexiblebudget is the sale-volume variance.
b. The difference between allocated and budgeted overhead is theproduction volume variance
c. The amount of variable overhead allocated equals toe flexiblebudget amount
d. The production volume variance arises for both fixed andvariable overhead cost
2.Flexible-budget variance measure:
a. What the costs and revenues should have been for the budgetednumber of the outputs.
b. the differences between budgeted expenditures and actualexpenditure for the budgeted number of outputs
c.the difference between budgeted and actual variable costs.
d. the difference between expected expenditures for the actualnumber of outputs and the actual expenditures for the actual numberof outputs
e. what the costs and revenues should have been for the staticbudgeted number of outputs

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Question 1 Options a and b are true definitions and need no further expansion Option c is true because the flexible budget corresponds to budget at the desired sales amount which will See Answer

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