Business, 06.05.2020 06:34 Hockeypro1127

Match the terms below with the following definition:

1. Activity variance
2. Planning budget
3. Flexible Budget
4. Spending variance

A) a budget created at the beginning of the budgeting period that is valid only for the planned level of activity.
B) the difference between a revenue or cost item in the flexible budget and the same item in the planning budget.
C) the difference between the actual amount of the cost and how much the cost should have been, given the actual level of activity.
D) a report showing estimates of what revenues and costs should have been, given the actual level of activity for the period.

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Match the terms below with the following definition:

1. Activity variance
2. Plann...

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