Match the term with its corresponding definition. A budget developed .pdf

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A budget developed at the beginning of a period that anticipates costs and revenues for a particular level of output is a planning budget. A budget that adjusts the planning budget to reflect the actual quantity of output is a flexible budget. The difference between an actual cost and the cost from the flexible budget is a variance.

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Match the term with its corresponding definition. A budget developed at the beginning of a
period that anticipates costs and revenues for a particular level of output A budget that adjusts
the planning budget to reflect the actual quantity of output The difference between the planning
budget and the flexible budget Actual revenue minus the expected revenue given actual quantity
sold The difference between an actual cost and the cost from the flexible budget

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