Unfavorable flexible budget variances are those that are the result of lower than expected sales volume.
Answer the following statement true (T) or false (F)
False
The flexible budget variance is the difference between the expected revenue (or cost) at the actual volume and the actual revenue (or cost). Recall the flexible budget amounts come from multiplying the standard per-unit amounts by the actual volume of production. The actual results are calculated by multiplying the actual per-unit sales price and cost figures from the preceding table by the actual volume of activity. The variances can be either favorable or unfavorable.
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