Which of the Following Does the Cost Variance Model Use

question 87

Multiple Choice

Which of the following does the cost variance model use to analyze differences between actual and budgeted profits?

• A)Flexible production budget.
• B)Fixed production budget.
• C)Prior period's production budget.
• D)Generally accepted accounting principles.

---

Definitions:

Search Properties

Characteristics of a product or service that can be easily evaluated before purchase.

Experience Properties

Characteristics of a product or service that can only be ascertained through its use.

Consistent

Exhibiting a uniform, steady, and unchanged character or performance over time.

Inconsistent

Lacking coherence or uniformity in action, values, or principles, often leading to confusion or unpredictability.