Business, 16.04.2020 21:15 karla21pilots

Which of the following statements concerning performance reports is incorrect? A. All unfavorable flexible budget variances should be investigated. B. The master budget variance is equal to the sum of the volume variance plus the flexible budget variance. C. The activity level used to populate the flexible budget is based on the actual "units." D. A favorable sales revenue flexible budget variance would indicate that the actual sales price was higher than the sales price used in the master budget. E. The master budget and the flexible budget use the same cost behavior equation to calculate budgeted expenses.

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Which of the following statements concerning performance reports is incorrect? A. All unfavorable fl...

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