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  3. a variance is: a. unfavorable if the cost is lowe

A variance is: a. unfavorable if the cost is lower than standard. ...

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Question

Accounting

A variance is:
a. unfavorable if the cost is lower than standard.
b. the difference between a standard and a budget.
c. determinded once a year.
d. the difference between a standard and an actual value.

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