Management Recently Instituted a New Training Program for Upper-Level Managers

Multiple Choice

Management recently instituted a new training program for upper-level managers.They budgeted the cost of the new program at $1,000 per employee trained,but actual costs were $1,250 per employee trained.The difference between the budgeted cost for training and the actual cost of training is called a:

A) Period cost.
B) Loss.
C) Variance.
D) Controllable cost.