Complete the variance rules

Exercise and reference answers

Missing parts

1. Answer

   actual

   Choices

   1. actual
   2. budget
   3. prior

2. Answer

   unfavorable

   Choices

   1. unfavorable
   2. favorable
   3. neutral

3. Answer

   quantity

   Choices

   1. quantity
   2. rate
   3. time

Complete the statement

A variance is the gap between the standard and the {0} result, spending more than the standard is {1}, and materials vary by price and by {2}.

Instructions

Tap a word for each blank to complete the sentence.

Explanation