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  • Management Accounting
  • Variance Analysis is one of the budgetary control mechani...
Multiple choice

Variance Analysis is one of the budgetary control mechanisms.

  1. True

  2. False

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A Correct answer
Explanation

Explanation: Variance is the difference between actuals and the planned or budgeted figures. Variance may be in terms of materials, labour, or usage of the materials, sales or profits.

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