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.
When actual cost exceeds the standard cost, the difference is termed as adverse variance.
Concept: Introduction to Standard Costing
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