COST ACCOUNTING
STANDARD COSTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is a difference between standard cost and actual cost.
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Cost Variance
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Favourable
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Adverse
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Neutral
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Explanation:
Detailed explanation-1: -Variance is the difference between the actual and standard costs. If the actual cost is higher than the standard cost, the variance is unfavorable.
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