What is Variance analysis?

Q.  The sum of actual cost and the standard cost is known as variance analysis.
- Published on 03 Sep 15

a. True
b. False

ANSWER: False

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    Discussion

  • Jashanjeet    -Posted on 24 Apr 24
    Actually there difference is called variance, not the sum says about that.
    Thank you
  • Jashanjeet    -Posted on 24 Apr 24
    Actually there difference is called standard, not the sum says about that.
    Thank you
  • Emelly   -Posted on 24 Dec 19
    Variance analysis is the total different between the actual cost and standard cost hence it can't be the sum
  • Rahul thapar   -Posted on 02 Oct 19
    The above difference is called cost variance.....

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