Which statement best describes variances?
A) All variances should be investigated.
B) Variances indicate cause of deviations from plans.
C) Variances indicate who is responsible for deviations from plans.
D) Variances indicate that actual performance is not going according to plan.

Question

Quizplus · Accepted Answer

Variances indicate that actual performance is different from planned performance. Variances do not necessarily indicate the cause of deviations or who is responsible for them, and not all variances need to be investigated.

Which Statement Best Describes Variances