Variances indicate
A) that actual performance is not going according to plan.
B) the cause of the variance.
C) who is responsible for the variance.
D) when the variance should be investigated.
E) none of these.

Question

Quizplus · Accepted Answer

Variances indicate that actual performance is not going according to plan. This is the main purpose of variances - to identify areas where actual performance deviates from expected or planned performance. Variances do not indicate the cause, responsibility, or timing of investigation for the deviation.

Variances Indicate