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3 years ago

Which of the following statements accurately describes a flexible budget variance?

Business

1 answer:

yulyashka [42]3 years ago

5 0

Answer: Option B

Explanation: In simple words, flexible budget variance refers to the difference between the results that were predicted by the flexible budget model and the actual results.

Flexible budgets are not rigid and are made on some assumptions the difference arises due to variance in the level of variable expenses that were incorrectly predicted by the model.

Hence the correct option is B.

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Which of the following statements accurately describes a flexible budget​ variance?

Which of the following statements accurately describes a flexible budget variance?