Question

the difference between the actual cost and budgeted cost at the actual level of activity is called a(n) . multiple choice 1 spending variance activity variance unfavorable variance revenue variance knowledge check 02 the difference between the actual total revenue and budgeted total revenue at the actual level of activity is called a(n) . multiple choice 2 spending variance activity variance unfavorable variance revenue variance

Answer 1

The difference between the actual cost and budgeted cost at the actual level of activity is called spending variance .

The difference between the actual total revenue and budgeted total revenue at the actual level of activity is called activity variance .

What causes spending variance?

Errors, shifting business conditions, and disappointed expectations are the three main causes of budget deviation. When putting together the budget, mistakes made by those who created it could happen. There are several causes for this, such as flawed math, making the incorrect assumptions, or relying on outdated or unreliable data.

What is an activity variance?

A revenue or expenditure item's disparity between the flexible budget and the static planning budget is known as an activity variance. The only cause of an activity variance is the discrepancy between the level of activity employed in the flexible budget and the level of activity anticipated in the planning budget.

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