Activity Variance: The difference between actual and budgeted revenue is cost is known as activity variance. Spending Variance ; The difference between the actual and budgeted expenses are known as spending variance. 1. The activity variance for March and explain the meaning of variances. 2. The spending variance for March and explain the meaning of variances.

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Answer 1

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Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 9, Problem 20P

To determine

Activity Variance: The difference between actual and budgeted revenue is cost is known as activity variance.

Spending Variance; The difference between the actual and budgeted expenses are known as spending variance.

1. The activity variance for March and explain the meaning of variances.

2. The spending variance for March and explain the meaning of variances.

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Answer 2

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Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 9, Problem 20P

To determine

Activity Variance: The difference between actual and budgeted revenue is cost is known as activity variance.

Spending Variance; The difference between the actual and budgeted expenses are known as spending variance.

1. The activity variance for March and explain the meaning of variances.

2. The spending variance for March and explain the meaning of variances.

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Answer 3

Question

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 9, Problem 20P

To determine

Activity Variance: The difference between actual and budgeted revenue is cost is known as activity variance.

Spending Variance; The difference between the actual and budgeted expenses are known as spending variance.

1. The activity variance for March and explain the meaning of variances.

2. The spending variance for March and explain the meaning of variances.

Expert Solution & Answer

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See solution

Check out sample textbook solution

Answer 4

Question

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 9, Problem 20P

To determine