A variance is the difference between the actual cost for the current and expected (or budgeted) performance.

Name: A variance is the difference between the actual cost for the current and expected (or budgeted) performance.
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Quizplus · Accepted Answer

This statement is true. Variance is a measure of the difference between the actual performance and the expected (or budgeted) performance, often used in financial and project management to analyze and control costs.

A Variance Is the Difference Between the Actual Cost for the Current