What is favorable variance?

Q.  When the actual cost is less than the standard cost, the difference is termed as
- Published on 04 Sep 15

a. Favorable variance
b. Adverse variance
c. Both a and b
d. None of the above

ANSWER: Favorable variance

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲