Question

excess of actual cost over standard cost is​

Answer 1

Answer:

unfavourable variance is the correct answer

Explanation:

Answer: *If the company's actual costs were higher, then the company would have an *unfavorable variance*.*

Answer 2

    We need to answer the question of what is the excess of actual cost over the standard cost  

• The excess of actual cost over standard cost can be considered  unfavorable to the business
• Standard cost can be defined as the estimated cost of business or of labor raw materials fixed costs etc .
• The standard cost is calculated by preparing a budget
• This is then filled in with actual costs
• Actual costs can be defined as the working cost of the business that has been incurred or paid by the business
• In situations where the actual costs exceed the standard or estimated cost the business suffers because what had been estimated is now exceeded.
• In situations where the actual costs are less than the standard costs, it means that the business has been run in an economical way.
• This situation is favorable for the business