A(n)______ variance occurs when management pays an amount different from the standard price to acquire the item.

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05-07-2021
Business

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A(n)______ variance occurs when management pays an amount different from the standard price to acquire the item.

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Codiepienagoyaidn Codiepienagoyaidn · Answer 1 · 2021-07-05T18:08:53-04:00

Codiepienagoyaidn Codiepienagoyaidn

05-07-2021

Answer:

The answer is "Spending".

Explanation:

A(n) variance in spending happens whenever management spends a quantity other than the standard cost of the products to be acquired.

The difference in expenditure is the gap between the real level as well as the expected amount (or budget) of spending. Overhead costs often include fixed costs, e.g. operating expenses.

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