Question
A Spending Variance is the difference between the actual cost and how much the cost should have been, given the actual level of activity. A
A Spending Variance is the difference between the actual cost and how much the cost should have been, given the actual level of activity.
A favorable spending variance occurs when the actual cost is lower than expected.
An unfavorable variance occurs when the actual cost is higher than expected.
Group of answer choices
True
False
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
3rd Edition
0136070736, 978-0136070733
