A. sales mix variance
B. sales volume variance
C. flexible budget variance
D. static budget variance
✅ The correct answer is option C.
Difference between actual result and corresponding amount of flexible budget, on basis of actual level of output is classified as flexible budget variance. A flexible budget variance is any difference between the results generated by a flexible budget model and actual results. If actual revenues are inserted into a flexible budget model, this means that any variance will arise between budgeted and actual expenses, not revenues.
Difference between actual result and corresponding amount of flexible budget, on basis of actual level of output is classified as flexible budget variance. A flexible budget variance is any difference between the results generated by a flexible budget model and actual results. If actual revenues are inserted into a flexible budget model, this means that any variance will arise between budgeted and actual expenses, not revenues.