Difference between flexible budget amount and corresponding actual result is called

A. corresponding variance

B. resultant variance

C. flexible budget variance

D. static budget variance

Answer: Option C

Solution(By Examveda Team)

Difference between flexible budget amount and corresponding actual result is called flexible budget variance. A flexible budget is a budget that adjusts or flexes with changes in volume or activity. The flexible budget is more sophisticated and useful than a static budget.