MANAGERIAL ACCOUNTING FOR MANGER CONNEC
MANAGERIAL ACCOUNTING FOR MANGER CONNEC
6th Edition
ISBN: 9781266809132
Author: Noreen
Publisher: MCG
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Chapter 10, Problem 10.7Q
To determine

Concept introduction:

A variance indicates the difference between the standard amount and the actual amount of an item. The variances are used in the budgetary control techniques to evaluate the performance of the business. The variances can be divided into two types; quantity variance and price variance. 

To indicate: if the given statement is true.

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