Multiple Choice
Actual results might differ from the master budget because:
A) revenues or variable costs per unit of activity were not as expected
B) fixed costs per period were not as expected
C) sales and other cost- driver activities were not the same as originally forecasted
D) All of these answers are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Perfection standards and ideal standards are different.
Q14: An expected cost is the cost that
Q15: Ideal standards make no provisions for waste,
Q42: The flexible budget is identical to the
Q47: A static budget is another name for
Q50: Panther Company had a favorable flexible- budget
Q54: The usage variance can be calculated by
Q55: McQueen Company planned to produce and sell
Q56: John Company planned to produce 12,000 units.
Q146: If actual expenses are less than expected