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Question
The deviation of the actual cost or profit or sales from the standard cost or profit or sales is known as _________.
The deviation of the actual cost or profit or sales from the standard cost or profit or sales is known as _________.
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Solution
The correct option is B Variance
Variance analysis is the quantitative investigation of the difference between actual and budgeted. This gives overall control over business
Variances are calculated by comparing the actual cost or profit with standard cost or profit. This is called variance analysis.
Variance analysis is the quantitative investigation of the difference between actual and budgeted. This gives overall control over business
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