The Cumulative Variable Is Equal to

question 105

Multiple Choice

The cumulative variable is equal to

• A)favorable variances less unfavorable variances over the previous months.
• B)favorable variances plus unfavorable variances over the previous months.
• C)this months planned expenses less actual expenses.
• D)this months actual expenses less planned expenses.

---

Definitions:

Real Terms

Adjusting financial figures to account for inflation, to reflect the actual purchasing power.

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary based on income level, type of income, and jurisdiction.

Deflation

A decrease in the general price level of goods and services, often indicating an economy in decline.

Farmers

Individuals engaged in agricultural activities, aimed at producing food and other crops.