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13. Which of the following statements is true?020_OC_CS-206850 A. A flexible budget is a comparison of actual revenues and covts at the sctuad level of wctivey to tha actual revenues and costs incurred at the planned level of activity. B. A flexible budget is a comparison of actual revenues and costs to whan they should have been given the planned level of activity. C. A flexible budget is an estimate of what revenues and costs should have been given the plarned level of activity for the period. D. A flexible budget is an estimate of what revenues and costs should hyre been otven the actat level of activity for the period. 14. Which of the following may appear on a flexible budget performance regort? A. An unfavorable activity variance. B. A favorable revenue variance. C. An unfavorable spending variance D. All of the above may appear on a flexible budget performance report. 15. An activity variance is calculated by comparing the:6_24_2020_QC_CS-200650 A. planning budget to the actual results. B. planning budget to the flexible budget. C. flexible budget to the actual results. D. static budget to the actual results. 16. Which of the following statements is true?6_24_2020_QC CS-208650 A. The activity variance for a fixed expense will equal zero. B. The activity variance for a fixed expense will usually be favorable. C. The activity variance for a fixed expense will usually be unfavorable. D. The activity variance for a fixed expense can be favorable or unfavorable depending on the achat level of activity. 17. Which of the following statements is true? A. The spending variance for a variable expense will usually equal zero. B. The spending variance for a variable expense will be favorable if the amount of the expense contained in the flexible budget is greater than the actual amount of the expense. C. The spending variance for a variable expense will be favorable if the amoun contained in the flexible budget is less than the actual amount of the expenseravie or unfavora D. The spending variance for a variable expense can be favorable or uniavorable than the planed expense Whether the actual expense is greater than or less s activity variance for revenue wil be 13. Which of the following statements is true?020_OC_CS-206850 A. A flexible budget is a comparison of actual revenues and covts at the sctuad level of wctivey to tha actual revenues and costs incurred at the planned level of activity. B. A flexible budget is a comparison of actual revenues and costs to whan they should have been given the planned level of activity. C. A flexible budget is an estimate of what revenues and costs should have been given the plarned level of activity for the period. D. A flexible budget is an estimate of what revenues and costs should hyre been otven the actat level of activity for the period. 14. Which of the following may appear on a flexible budget performance regort? A. An unfavorable activity variance. B. A favorable revenue variance. C. An unfavorable spending variance D. All of the above may appear on a flexible budget performance report. 15. An activity variance is calculated by comparing the:6_24_2020_QC_CS-200650 A. planning budget to the actual results. B. planning budget to the flexible budget. C. flexible budget to the actual results. D. static budget to the actual results. 16. Which of the following statements is true?6_24_2020_QC CS-208650 A. The activity variance for a fixed expense will equal zero. B. The activity variance for a fixed expense will usually be favorable. C. The activity variance for a fixed expense will usually be unfavorable. D. The activity variance for a fixed expense can be favorable or unfavorable depending on the achat level of activity. 17. Which of the following statements is true? A. The spending variance for a variable expense will usually equal zero. B. The spending variance for a variable expense will be favorable if the amount of the expense contained in the flexible budget is greater than the actual amount of the expense. C. The spending variance for a variable expense will be favorable if the amoun contained in the flexible budget is less than the actual amount of the expenseravie or unfavora D. The spending variance for a variable expense can be favorable or uniavorable than the planed expense Whether the actual expense is greater than or less s activity variance for revenue wil be

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