Examlex
Which of the following is smallest?
Spending Variance
The difference between the actual amount spent and the budgeted or expected amount in a given period, often related to costs or expenditures.
Materials Price Variance
The difference between the actual cost of materials used in production and the expected (or standard) cost, indicating how much more or less was spent on materials than anticipated.
Total Expenses
The sum of all costs and expenses associated with operating a business, including both fixed and variable costs.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a particular cost or expense category.
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