The general approach in variance analysis is to separate the variance into components based on a budgeting formula.

Name: The general approach in variance analysis is to separate the variance into components based on a budgeting formula.
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Quizplus · Accepted Answer

Separating the variance into components based on a budgeting formula is indeed the general approach for variance analysis. The example given in the statement shows the budgeted revenues expressed as the product of selling price (SP) and sales quantity (SQ).

The General Approach in Variance Analysis Is to Separate the Variance