A variance is the difference between:
A) a budgeted amount and a benchmark amount
B) an actual result and a budgeted amount
C) a budgeted amount and a standard amount
D) the required number of inputs for the number of outputs

Question

Quizplus · Accepted Answer

A variance is the difference between an actual result and a budgeted amount, indicating how much actual performance deviates from planned performance.

A Variance Is the Difference Between