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Which of the following statements best describe key principles of measures of variance? Select all that apply. Measures of variance provides a qualitative overview of

  1. Which of the following statements best describe key principles of measures of variance? Select all that apply.

Measures of variance provides a qualitative overview of the differences between expected and actual outcomes

Measures of variance are numerical representations of the differences between a budgeted, planned or standard cost and the actual amount incurred/sold

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