Question

A process of examining the differences between actual and budgeted costs and describing them in terms of the amounts that resulted from price and quantity differences is called:

Answer 1

Variance analysis

Step-by-step explanation:

Variance analysis is a term that described the measuring control method often utilized by business management to evaluate and determine the quantitative disparity between the planned and the eventual outcome of the firm's budget and sales.

Hence, in this case, it can be concluded that VARIANCE ANALYSIS is a process of examining the differences between actual and budgeted costs and describing them in terms of the amounts that resulted from price and quantity differences