The Adverse (Unfavourable)variance Is

question 17

Multiple Choice

The adverse (unfavourable) variance is:

• A)budgeted payment for rent $12 000, actual rent $11 500.
• B)budgeted payment for interest $1 000, actual interest $1 000.
• C)budgeted payment for wages $42 000, actual wages $45 000.
• D)budgeted receipts from accounts receivable $60 000, actual receipts $65 000.

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Definitions:

Skewed

A distribution that is not symmetric about its mean, having more values on one side of the center than the other.

Variances

A measure of the dispersion indicating how much the numbers in a data set differ from the mean.

F-ratios

A statistical measure in ANOVA tests used to determine if the variances between groups are significantly different.

Symmetrical

Refers to a shape or distribution that is evenly spread around a central point, meaning it looks the same on both sides of the center.