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When is a variance considered to be 'material'? a) When it could have been controlled more effectively b) When it is infrequent c) When it is unfavorable d) When it is…
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When is a variance considered to be 'material'? a) When it could have been controlled more effectively b) When it is infrequent c) When it is unfavorable d) When it is…
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Jan 25, 2021
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When is a variance considered to be 'material'?
a) When it could have been controlled more effectively
b) When it is infrequent
c) When it is unfavorable
d) When it is large compared to the actual cost
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ANSWER: D
A variance is considered to be material if it exceeds a certain percentage or dollar amount.
MMoovs
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Jan 31, 2021
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