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Earn +20 ptsQ: What are adverse variances?
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Continue Learning about Math & Arithmetic
What does activity-level variances plus flexible-budget variances equal?
total master-budget variances
Why are variances generally segregated in terms of a price variance and an efficiency variance?
Efficiency Varian materials and direct labor, the variances were recorded in specific general ledger accounts.
What does the F statistics tell you?
The difference between two variances
What are budget variances?
Budget variances are differences in expenditures from your original budgeted plan. This may happen if there is an expense during the month that one may not have planned for such as an automotive repair or doctor's bill.
In an analysis of variance is SS directly influenced by the size of the sample variances?
Yes it is.
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