polaskis6925 polaskis6925

10-12-2020
Business

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When budgets are used for evaluation, what is the difference between budgeted and actual amounts called?

a. Exceptions
b. Budget variances
c. Performance results
d. Flexible budgets

Respuesta :

Tundexi Tundexi

11-12-2020

Answer:

b. Budget variances

Explanation:

The difference between budgeted and actual amount is called as budget variance. Budget variance is useful when we are evaluating the performance of a company, this is done be deducting the budgeted amount from actual amount to see if the performance of a company is favorable or unfavorable

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