Home > Preview
The flashcards below were created by user
on FreezingBlue Flashcards.
Flexible budget variance is the difference between the actual and flexible budget amounts. There are variances for sales, variable costs, fixed costs, and operating income.
Total flexible budget variance
The total flexible budget variance is the difference between the flexible budget operating income and the actual operating income. It can be misleading, since it represents the sum of variances in materials, labor, overhead, and administrative expenses, and there can be offsetting that hides important changes.
Selling price variance
Selling price variance is the difference between the actual sales revenues and the flexible budget sales revenues
Total variable cost flexible-budget variance
Difference between total variable costs and total variable costs in the flexible budget
What would you like to do?
Home > Flashcards > Print Preview