An unfavourable variance in static budget is also known as
A. favourable variance
B. adverse variance
C. adverse standard deviation
D. unfavourable variance
Answer: Option B
Solution(By Examveda Team)
An unfavourable variance in static budget is also known as adverse variance. 'Unfavorable variance' is an accounting term that describes instances where actual costs are greater than the standard or expected costs.This Question Belongs to Management >> Management Accounting
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