1
Q
Variance Analysis
A
Compare budgeted or static amount - process of comparing actual performance against a budget or other relevant benchmark to investigate significant differences
2
Q
Static Budget
A
compare actual results to planned/budgeted result
3
Q
Flexible Budget
A
restate the original budget using the actual volume of product that occurred against the budgeted variable,fixed cost/sales
4
Q
Sales Variance
A
didn’t have sales flexible budget variance since selling prices are fixed by BCDLB
