Spending variances are computed by taking actual results minus the Blank______ budget.

Spending variances are computed by taking actual results minus the Blank______ budget.Multiple choice question.planningflexible

Fill in the Blank QuestionFill in the blank question.When compared to the budgeted amount, if the actual cost or revenue contributes to a higher income, then the variance is considered .

Variances are the difference between actual results and budgeted results.Group startsTrue or FalseTrue, unselectedFalse, unselected

When the actual amount spent exceeds the standard amount that should have been spent, the material spending variance is .

When the original budget amount for variable cost items based on planned activity is adjusted (flexing the budget), a budget (allowance/variance) is calculated. It is based on actual activity for the period, to compare actual costs incurred with costs expected to be incurred at the actual level of activity that was achieved.