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Distinguish among a budget, a performance report, and a variance. A . A budget measures the differences between 'a performance report and a variance; a
Distinguish among a budget, a performance report, and a variance.
A A budget measures the differences between 'a performance report and a variance; a performance report compares actual results with the
budget; and a variance is a quantitative expression of a plan of action.
B A budget compares actual results with the performance report; a performance report is a quantitative expression of a plan of action; and a
variance measures the differences between budget and actual.
C A budget compares the performance report with variances; a performance report measures the differences between budget and actual; and a
variance is a quantitative expression of a plan of action.
D A budget is a quantitative expression of a plan of action; a performance report compares actual results with the budget; and a variance
measures the differences between budget and actual.
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