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Variance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Variance

  • This 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)
  • Author
    Posts
  • October 15, 2022 at 8:29 am #668668
    AbrahamChinYuan
    Participant
    • Topics: 22
    • Replies: 22
    • ☆

    Which of the following statements is true and which is false?

    A variance is the difference between budgeted and actual cost. : False

    Sir, may i know why it is false?

    October 15, 2022 at 11:52 am #668686
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    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
    AbrahamChinYuan
    Participant
    • Topics: 22
    • Replies: 22
    • ☆

    Thanks Sir!

    October 15, 2022 at 5:17 pm #668726
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Variance’ is closed to new replies.

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