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HONDA Manufacturing Company prepares master budget
HONDA Manufacturing Company prepares master budget. Flexible budget variances are the deviations of actual results from the ______.
Select one:
a. flexible budget amounts for the achieved level of activity
b. static budget amounts for the expected level of activity
c. static budget amounts for last year's level of activity
d. flexible budget amounts for the static level of activity
Expert Solution
a. Flexible budget amounts for the achieved level of activity.
Reason: Flexible budget variance is the difference of the actual budget and flexible budget of the actual output and flexible budget as the name says it is flexible that means amount is increase or decrease with the level of activity. Therefore when the actual results are compared with the flexible budget amounts for the achieved level of activity it's results a flexible budget variance.
Flexible budget variance = Actual results - Flexible budget of achieved level of activity.
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