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Unformatted text preview: (standard sales price times standard level of activity) and sales based on a flexible budget (standard sales price times actual level of activity). Static budgets are budgets that are based solely on the level of planned activity and therefore remain constant even when volume of activity changes. An unfavorable variance occurs when actual costs exceed standard costs or when actual sales are less than standard sales. The differences between standard and actual amounts are known as variances ....
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This note was uploaded on 03/31/2011 for the course ACCT 102 taught by Professor Wang during the Spring '11 term at Adelphi.
- Spring '11