Static budget variance for operating income is added in to static budget amount to calculate __________?
Correct answer: A. actual result
- A. actual result
- B. expected results
- C. expected cost
- D. expected revenue
Explanation
Static budget variance reconciles the planned operating income with the actual operating income. Therefore, adding it to the static-budget amount produces the actual result.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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