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A variance that results from expected economic conditions that do not materialize is called what?

Sales variance
Planning variance
Economic variance
Material variance

User Amdg
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2 Answers

3 votes

Answer:

ya

Explanation:

That person is correct!

User StuartM
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Answer: Economic variance

Economic Variance is stated as a statistical technique to measure how much a collection of data/observations will differ from others. Also in financial analysis, this is referred to as how much an actual expense aberrates from a budgeted amount.

Therefore the correct option is Economic variance

User Mrgloom
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