A General Model for Variance Analysis
{"Image DocumentName": "A General Model for Variance Analysis", "Image ImageDescription": "Price Variance. Difference between actual price and standard price. Quantity Variance. Difference between actual quantity and standard quantity. Price variances result when we pay an actual price for a resource that differs from the standard price that should have been paid. Quantity variances are caused by using an actual amount of a resource that differs from the standard amount that should have been used. The act of computing and interpreting variances is called variance analysis.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}