The difference between an actual cost number and the related standard cost number is:
A) A discretionary cost
B) An inflation adjustment
C) A standard cost variance
D) Budget overrun

Name: The difference between an actual cost number and the related standard cost number is: A) A discretionary cost B) An inflation adjustment C) A standard cost variance D) Budget overrun
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Question

Quizplus · Accepted Answer

A standard cost variance is the difference between the standard cost for any cost component and its related actual cost.

The Difference Between an Actual Cost Number and the Related