question archive 1) A flexible budget contains only variable cost? True/False 2- Buying cheaper quality materials is likely to result in an unfavorable material efficiency variance
1) A flexible budget contains only variable cost? True/False 2- Buying cheaper quality materials is likely to result in an unfavorable material efficiency variance
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1) A flexible budget contains only variable cost? True/False
2- Buying cheaper quality materials is likely to result in an unfavorable material efficiency variance. True/False
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1- A flexible budget contains only variable cost?
Answer
true- a flexible budget allows adjustment of its figures based in changes of actual revenue and other activities therefore has only variable costs.
2- Buying cheaper quality materials is likely to result in an unfavorable material efficiency variance.
Answer;
True- buying cheaper quality materials would result to using more units of the material and therefore resulting in an unfavorable material efficiency variance.
