Q541
Difference between budgeted amounts and actual results is classified as
A.
standard deviation
B.
variances
AnswerC.
mean average
D.
weighted average
Answer: Option B
Solution
Answer: Option B
Solution:
Difference between budgeted amounts and actual results is classified as variances. Variance is a measurement of the spread between numbers in a data set. The variance measures how far each number in the set is from the mean.