VarianceForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › VarianceThis topic has 3 replies, 2 voices, and was last updated 2 years ago by John Moffat.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts October 15, 2022 at 8:29 am #668668 AbrahamChinYuanParticipantTopics: 22Replies: 22☆Which of the following statements is true and which is false?A variance is the difference between budgeted and actual cost. : FalseSir, may i know why it is false? October 15, 2022 at 11:52 am #668686 John MoffatKeymasterTopics: 57Replies: 54500☆☆☆☆☆Expense variances are the difference between the actual cost and the flexed budget cost. I. do explain this in my free lectures. October 15, 2022 at 3:23 pm #668717 AbrahamChinYuanParticipantTopics: 22Replies: 22☆Thanks Sir! October 15, 2022 at 5:17 pm #668726 John MoffatKeymasterTopics: 57Replies: 54500☆☆☆☆☆You are welcome 🙂AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)The topic ‘Variance’ is closed to new replies.