Q179
An unfavourable variance in static budget is also known as
A.
favourable variance
B.
adverse variance
AnswerC.
adverse standard deviation
D.
unfavourable variance
Answer: Option B
Solution
Answer: Option B
Solution:
An unfavourable variance in static budget is also known as adverse variance. 'Unfavorable variance' is an accounting term that describes instances where actual costs are greater than the standard or expected costs.