Question: ( CO 4 ) When the budgeted amount is a financial variable reported by the accounting system, a variance: Group of answer choices is the

(CO4) When the budgeted amount is a financial variable reported by the accounting system, a variance:
Group of answer choices
is the difference between an actual result and a budgeted amount.
may or may not be a standard amount.
may or may not be a benchmark amount.
All of these are correct.

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