Question: When actual costs differ from budgeted costs, the differences are called __________. Question 17 options: Profits Working Capital Variances Question 18 The Inventory Turnover is

When actual costs differ from budgeted costs, the differences are called __________.
Question 17 options:
Profits
Working Capital
Variances
Question 18
The Inventory Turnover is found by dividing the year's ________________ by the average merchandise inventory for the year.
Question 18 options:
Accounts Receivable
Sales
Gross Profit
Cost of Goods Sold

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