Examveda
Examveda

Difference between an actual budget and corresponding amount in static budget is classified as

A. correspondent budget

B. full budget variance

C. methodology variance

D. static budget variance

Answer: Option D

Solution(By Examveda Team)

Difference between an actual budget and corresponding amount in static budget is classified as static budget variance. Static budget variances are the differences between what a company or individual thought it would spend in its budget versus what it actually did.

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