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What does "Budgeted Figure" refer to in the context of variance analysis?
  • a)
    The actual cost incurred during a period.
  • b)
    The standard cost based on normal production.
  • c)
    The total fixed overhead cost.
  • d)
    The actual variable overhead cost.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What does "Budgeted Figure" refer to in the context of varia...
The correct answer is Option B. In the context of variance analysis, "Budgeted Figure" refers to the standard cost based on normal production. It represents the expected or standard cost for a specific level of production and serves as a benchmark for comparing actual costs.
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What does "Budgeted Figure" refer to in the context of variance analysis?a)The actual cost incurred during a period.b)The standard cost based on normal production.c)The total fixed overhead cost.d)The actual variable overhead cost.Correct answer is option 'B'. Can you explain this answer?
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