Flashcards
Chapter 9 Flashcards
Cards in this deck (6)
- 1Activity variancedifference between a revenue or cost item in the flexible budget and the same item in the static planning budget
- 2Flexible budgetreport showing estimates of what revenues and costs should have been, given the actual level of activity for the period
- 3Management by exceptionmanagement system in which actual results are compared to a budget
- 4Planning budgetbudget created at the beginning of the budgeting period that is valid only for the planned level of activity
- 5Revenue variancedifference between the actual revenue for the period and how much the revenue should have been, give, the actual level of activity
- 6Spending variancedifference between the actual amount of the cost and how much the cost should have been, given the actual level of activity
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- Flashcards on Chapter 9 Flashcards, created by Christina Meyer on 02/02/2023.
- Created by
- Christina Meyer · Feb 2023
- Updated
- Feb 2, 2023
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