An Adverse Variance Is Best Described as A

question 57

Multiple Choice

An adverse variance is best described as a:

• A)variance where the actual performance falls short of the budget target.
• B)variance where labour efficiencies have occurred.
• C)combination of variances.
• D)variance where actual performance exceeds the budget target.

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Definitions:

Kerosene

A flammable hydrocarbon liquid commonly used as a fuel in heating, jet engines, and lighting, extracted from petroleum.

Jet Fuel

A type of aviation fuel designed for use in aircraft powered by gas-turbine engines.

Industrial Chemicals

Chemical compounds produced in large quantities for use in various industries, ranging from manufacturing to agriculture.

Crude Oil Refining

The industrial process of transforming crude oil into useful petroleum products such as fuel, gasoline, and diesel.