OAE Business Education Practice Questions - Ohio Assessments For Educators Business Education (008) Exam

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A department budget allows $40,000 for supplies, but actual spending is $46,000. What is the most useful first question for a manager analyzing this variance?

Which activities or prices caused the $6,000 unfavorable variance? How can the variance be hidden in next year's budget? Can the budget be ignored because sales increased? Should all future supply purchases be stopped immediately?

Correct Answer:

Which activities or prices caused the $6,000 unfavorable variance?

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