Difference between budgeted amounts and actual results is classified as
A. standard deviation
B. variances
C. mean average
D. weighted average
Answer: Option B
Solution(By Examveda Team)
Difference between budgeted amounts and actual results is classified as variances. Variance is a measurement of the spread between numbers in a data set. The variance measures how far each number in the set is from the mean.Join The Discussion
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