Question: 6 (1 point) Saved A variance is the difference between the actual result and a budgeted amount. True OFalse Question 7 (1 point) Saved Management

6 (1 point) Saved A variance is the difference between the actual result and a budgeted amount. True OFalse Question 7 (1 point) Saved Management by exception is the practice of concentrating on exceptional results. the master budget variances. favourable variances. on areas where performance fails to meet expectations. O unfavourable variances. Question 8 (1 point) Variances and flexible budgets help managers gain insights into why actual results differ from planned performance. True False

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