A Variance Is ________

question 143

Multiple Choice

A variance is ________.

• A) the difference between actual fixed cost per unit and standard variable cost per unit
• B) the standard units of inputs for one output
• C) the difference between an actual result and a budgeted performance
• D) the difference between actual variable cost per unit and standard fixed cost per unit

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Definitions:

Operating Activities

Transactions related to the primary operations of a business, such as sales, purchases, and payroll, used in cash flow analysis.

Comparative Balance Sheet

Financial statement showing a company's assets, liabilities, and equity at two or more points in time, allowing for comparative analysis.

Accumulated Depreciation

The total depreciation amount that has been charged against a fixed asset since it was put into use.

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.