Variance analysis is the process of comparing actual information about input costs and usage to standards.

Name: Variance analysis is the process of comparing actual information about input costs and usage to standards.
Brand: Quizplus
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Quizplus · Accepted Answer

Variance analysis involves comparing actual costs and usage to predetermined standards in order to identify any variations or deviations from the expected levels. This information can then be used to identify areas of potential cost savings or process improvements.

Variance Analysis Is the Process of Comparing Actual Information About