A Variance Represents the Difference Between a Budgeted and an Actual

question 65

Multiple Choice

A variance represents the difference between a budgeted and an actual cost.Thus,the variance measures

• A)only controllable cost differences.
• B)only uncontrollable cost differences.
• C)both uncontrollable and controllable cost differences.
• D)the effectiveness of management.

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Definitions:

Time Lag

The delay or period between the initiation of an action or process and its effect or outcome.

Accurately

With precision and correctness, without errors or distortions.

Detecting

The process of discovering or identifying the presence of something, especially with the assistance of specialized techniques or equipment.

Basic Sensations

The simplest form of sensory processing, resulting from stimulating sensory receptors in the eyes, ears, skin, nose, and tongue.