The difference between the total actual cost incurred and the total standard cost is called the:
A)Flexible variance.
B)Usage variance.
C)Cost variance.
D)Controllable variance.
E)Volume variance.

Question

Quizplus · Accepted Answer

The difference between the total actual cost incurred and the total standard cost is called the cost variance. This variance shows how much more or less was spent in reality compared to what was anticipated as standard cost.

The Difference Between the Total Actual Cost Incurred and the Total