Answer: Can be broken down into flexible-budget variances for major costs such as materials, labor, variable overhead, and variable selling expenses.
Explanation:
It should be noted that the variable cost varies along with production and they consist of the materials, overhead, labor, etc that are variable.
It should be noted that the total variable cost flexible-budget variance for any given period can also be broken down into flexible-budget variances for major costs such as materials, labor, variable overhead, and variable selling expenses.