Question: Management recently instituted a new training program for upper-level managers. They budgeted the cost of the new program at $1,000 per employee trained, but actual

Management recently instituted a new training program for upper-level managers. They budgeted the cost of the new program at $1,000 per employee trained, but actual costs were $1,250 per employee trained. The difference between the budgeted cost for training and the actual cost of training is called a:

Multiple Choice

Variance.

Period cost.

Controllable cost.

Loss.

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