MANAGERIAL ACCOUNTING FOR MANAGERS
MANAGERIAL ACCOUNTING FOR MANAGERS
6th Edition
ISBN: 9781265365615
Author: Noreen
Publisher: MCG
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Chapter 9, Problem 9.6Q
To determine

Introduction: A variance refers to the difference between planned and actual performance which represents the overall positive or negative output or performance of the company. An activity variance is a difference between the budgeted or forecasted activity level and the actual activity level.

To explain: Whether the activity variances for variable expenses are favorable, unfavorable, or a combination of the two if the actual level of activity is greater than the planned level of activity.

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