Advertisement Remove all ads

Fill in the Blank:When Actual Cost Exceeds the Standard Cost, the Difference is Termed as _______ Variance. - Cost Accounting(Financial Accounting and Auditing 10)

Fill in the blank:
When actual cost exceeds the standard cost, the difference is termed as _______ variance.

Advertisement Remove all ads

Solution

When actual cost exceeds the standard cost, the difference is termed as adverse variance.

Concept: Introduction to Standard Costing
  Is there an error in this question or solution?
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×