All of the following statements are false except: A) A planning budget is an estimate...
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Accounting
All of the following statements are false except:
A) A planning budget is an estimate of revenues and costs at the actual level of activity based on budgeted rates.
B) A revenue variance is the difference between revenues based on budgeted rates at the actual level of activity compared to the planned level of activity.
C) A revenue variance is the difference between actual revenues and expected revenue calculated using budgeted rates at the actual level of activity.
D) A planning budget is prepared at the end of a period.
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