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    Business
  3. Study Set
    Cost Accounting Study Set 1
  4. Exam
    Exam 7: Flexible Budgets, Direct-Cost Variances, and Management Control
  5. Question
    A Variance Is
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A Variance Is

Question 177

Question 177

Multiple Choice

A variance is:


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 budgeted amount
D) the difference between a budgeted amount and a standard amount

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