Profit-related variances focus on the difference between budgeted and actual prices, volumes, and contribution margin.

Question

Quizplus · Accepted Answer

Profit-related variances are concerned with the differences between budgeted and actual figures for prices, volume, and contribution margin. These variances help organizations identify areas where they may be underperforming or where they can improve their profitability.

Profit-Related Variances Focus on the Difference Between Budgeted and Actual