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.This Question Belongs to Management >> Management Accounting
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