Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Management Information > Standard costing and variance analysis > Flashcards

Standard costing and variance analysis Flashcards

1
Q

What is Favorable variance ?

A

When actual results are better than expected results.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is Adverse variance ?

A

When actual results are worse than expected.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Management Information (13 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions