How variance in budgets can be used as tools of controls in an organization. Explain this...

70.2K

Verified Solution

Question

Accounting

How variance in budgets can be used as tools of controls in anorganization. Explain this using
illustrations.

Answer & Explanation Solved by verified expert
3.6 Ratings (286 Votes)
Variance in budgets means the difference between the budgets planned or standard cost and the actual ones These can be calculates for both revenue and cost Variance in budgets can be used as a    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students