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Which of the Following Statements Is TRUE About Price Variances

Question 50

Multiple Choice

Which of the following statements is TRUE about price variances and quantity (or efficiency) variances?


A) They pertain to the difference between the static budget and actual results.
B) They pertain to the difference between the flexible budget and actual results.
C) They pertain to the difference between the flexible budget and the static budget.
D) They pertain to the difference between the static budget and the previous year's actuals.

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