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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Variance
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?
Expense variances are the difference between the actual cost and the flexed budget cost. I. do explain this in my free lectures.
Thanks Sir!
You are welcome 🙂