(1 Mark) Given a budget, a profit figure may be anticipated. However, if the actual profit is different, say lower than what was budgeted, what should the accountant do with the difference? Answers A-D A Since the difference is not an actual loss, disregard it. B Record the difference as profit forgone C Reconcile the difference against expectation (a.k.a. variance analysis). Change the budget for the next period by reducing the profit expected