3) A flexible budget ________.
BDiff: 1Objective: 2AACSB: Analytical thinking4) A company budgets 10,000 units of sales based on a projected selling price of $13.00. The actual units sold were 15,000 at a price of $10. What is the flexible budget for sales?
AExplanation: 15,000 x $13Diff: 2Objective: 2AACSB: Analytical thinking5) An unfavorable flexible-budget variance for variable costs may be the result of ________.
ADiff: 3Objective: 2AACSB: Analytical thinking6) In a flexible budget ________.A) variable costs are calculated proportionately for the budgeted level of salesB) fixed costs are calculated proportionately for the actual level of salesC) fixed costs are kept at the same level of static budgetD) variable costs are kept at the same level of static budgetAnswer:
CDiff: 2Objective: 2AACSB: Analytical thinking