Cost variance is nothing but the difference between the actual incurred cost and the estimated standard cost. This can be occured due to any changes in the volume of goods or services ordered.
A favorable cost variance occurs when the actual incurred cost is less than the standard cost estimated before the production.
In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.
She chose (1)/ to stayed (2)/ there for a while. (3)/ No error (4)
A series is given, with one term missing. Choose the correct alternative from the given ones that will complete the series. XIIIII, IXIIII, IIXIII, IIIXII,IIIIXI, ?