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

Sales variance

Planning variance

Economic variance

Material variance

Question

Mathematics

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16 August, 20:35

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

Sales variance

Planning variance

Economic variance

Material variance

+1

Answers (1)

Know the Answer?

Sydnee Orr · Answer 1

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

A variance that results from expected economic conditions that do not materialize is called what?Sales variancePlanning varianceEconomic varianceMaterial variance

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

Sales variance

Planning variance

Economic variance

Material variance