Question

Which of the following statements is true? A) An unfavorable variance results when actual costs are decreasing but standards are not changed. B) Variances are the differences between total actual costs and total standard costs. C) When actual costs exceed standard costs, the variance is favorable. D) All of the above are true.

Answer 1

Step-by-step explanation:

Answer: B) Variances are the Difference between the Total actual costs and Total Standard Costs

Variances are the Difference between the Actual cost and Standard Cost. If the Actual cost is more than the Standard cost unfavorable Variances. if the Standard cost is more than the Actual cost favorable Variances.