An actual cost is subtracted from flexible budget cost to calculate

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

If an actual input price is $70 and budgeted input price is $40, then price variance will be

If an actual result is $50000 and static budget variance is $25000, then static budget amount will be

If actual price input is $500, budgeted price of input is $300 and actual quantity of input is 50 units, then price variance would be

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