The process of calculating variances and analysing the reasons they occurred is called:
A) Benchmarking
B) Budget analysis
C) Trend analysis
D) Variance analysis

Question

Quizplus · Accepted Answer

Variance analysis is the process of calculating variances and analyzing the reasons they occurred, typically used in budgeting and financial management to understand why actual results differed from budgeted or forecasted amounts.

The Process of Calculating Variances and Analysing the Reasons They