In static budget, difference between corresponding budgeted amount and actual result is called

A. sales mix variance

B. sales volume variance

C. flexible budget variance

D. static budget variance

Answer: Option D

Solution(By Examveda Team)

In static budget, difference between corresponding budgeted amount and actual result is called 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.