The flexible budget amount is added to flexible budget variance to calculate
Correct answer: B. actual result
- A. static result
- B. actual result
- C. secondary result
- D. primary resultLottery
Explanation
The actual result is derived by adding the flexible budget variance to the flexible budget amount. Therefore, actual result = flexible budget + flexible budget variance.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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