Variances are generally the deviations of actual reports with the budgeted reports made for the business. This is determined by comparing the actual one with the budgeted goals so as to know the deviation and then the managers can take the actions which are better for eliminating the variances. Spending variances are the one which indicates the difference between the actual expense and budgeted expense. The correct option.

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Answer 1

Question

Chapter 9, Problem 5MC

To determine

Concept introduction:

Variances are generally the deviations of actual reports with the budgeted reports made for the business. This is determined by comparing the actual one with the budgeted goals so as to know the deviation and then the managers can take the actions which are better for eliminating the variances.

Spending variances are the one which indicates the difference between the actual expense and budgeted expense.

The correct option.

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Answer 2

Question

Chapter 9, Problem 5MC

To determine

Concept introduction:

Variances are generally the deviations of actual reports with the budgeted reports made for the business. This is determined by comparing the actual one with the budgeted goals so as to know the deviation and then the managers can take the actions which are better for eliminating the variances.

Spending variances are the one which indicates the difference between the actual expense and budgeted expense.

The correct option.

Expert Solution & Answer

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See solution

Answer 3

Question

Chapter 9, Problem 5MC

To determine

Concept introduction:

Variances are generally the deviations of actual reports with the budgeted reports made for the business. This is determined by comparing the actual one with the budgeted goals so as to know the deviation and then the managers can take the actions which are better for eliminating the variances.

Spending variances are the one which indicates the difference between the actual expense and budgeted expense.

The correct option.

Expert Solution & Answer

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See solution

Answer 4

Question

Chapter 9, Problem 5MC

To determine

Concept introduction:

Variances are generally the deviations of actual reports with the budgeted reports made for the business. This is determined by comparing the actual one with the budgeted goals so as to know the deviation and then the managers can take the actions which are better for eliminating the variances.

Spending variances are the one which indicates the difference between the actual expense and budgeted expense.

The correct option.

Expert Solution & Answer

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Answer 5

Chapter 9, Problem 5MC

To determine

Concept introduction:

Variances are generally the deviations of actual reports with the budgeted reports made for the business. This is determined by comparing the actual one with the budgeted goals so as to know the deviation and then the managers can take the actions which are better for eliminating the variances.

Spending variances are the one which indicates the difference between the actual expense and budgeted expense.

The correct option.

Answer 6

Chapter 9, Problem 5MC

To determine

Concept introduction:

Variances are generally the deviations of actual reports with the budgeted reports made for the business. This is determined by comparing the actual one with the budgeted goals so as to know the deviation and then the managers can take the actions which are better for eliminating the variances.

Spending variances are the one which indicates the difference between the actual expense and budgeted expense.

The correct option.

Answer 7

Chapter 9, Problem 5MC

To determine

Concept introduction:

Variances are generally the deviations of actual reports with the budgeted reports made for the business. This is determined by comparing the actual one with the budgeted goals so as to know the deviation and then the managers can take the actions which are better for eliminating the variances.

Spending variances are the one which indicates the difference between the actual expense and budgeted expense.

The correct option.

Answer 8

Expert Solution & Answer

Answer 9

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Answer 10

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Answer 11

Ch. 9 - Briefly describe the difference between budgetary...Ch. 9 - What are standard costs? When are they set?Ch. 9 - Prob. 3Q Ch. 9 - Prob. 4Q Ch. 9 - Prob. 5Q Ch. 9 - Prob. 6Q Ch. 9 - Prob. 7Q Ch. 9 - Prob. 8Q Ch. 9 - Prob. 9Q Ch. 9 - How do the master budget, flexible budget, and...

Solution Summary: The author explains that variances are the deviations of actual reports with budgeted reports made for the business. The correct answer is "option a".

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