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.Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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