Budget, which highlights difference between actual quantity and budgeted quantity is termed as
A. actual cost budget
B. flexible budget variance
C. inflexible budget
D. hourly budget
Answer: Option B
Solution(By Examveda Team)
Budget, which highlights difference between actual quantity and budgeted quantity is termed as flexible budget variance. A flexible budget variance is any difference between the results generated by a flexible budget model and actual results.Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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