Question

Inventory control, production planning, budgeting and variance analysis

Answer 1

A budget to actual variance analysis is a process by which a company's budget is compared to actual results and the reasons for the variance are interpreted. The purpose of all variance analysis is to provoke questions such as: Why did one division, product line or service perform better (or worse) than the others

Answer 2

Explanation:

A budget is a inventory control production planning budgeting and variance analysis