Multiple Choice
A variance is considered to be
A) the gap between an actual result and a benchmark amount.
B) the required number of inputs for one standard output.
C) the difference between an actual result and a budget amount.
D) the difference between a budgeted amount and a standard amount.
E) a standard.
Correct Answer:

Verified
Correct Answer:
Verified
Q48: Use the information below to answer the
Q49: It's year-end and you have the task
Q50: A flexible-budget variance can be decomposed into
Q51: Use the information below to answer the
Q52: Answer the following question(s)using the information below.Eco
Q54: Which of the following reasons is unlikely
Q55: The flexible budget contains<br>A)budgeted amounts for alternative
Q56: In a journal entry for a standard
Q57: To prepare budgets based on actual data
Q58: Jam Life Inc.manufactures jam products.It makes a