Which of the Following BEST Describes Flexible Budget Variance

Multiple Choice

Which of the following BEST describes flexible budget variance?

A) Difference between actual amounts and the flexible budget due to differences in price and costs
B) Difference between the flexible budget and static budget due to differences in volumes
C) Difference between the flexible budget and actual amounts due to differences in volumes
D) Difference between the flexible budget and static budget due to differences in fixed expenses