What are the purposes of budget variance analysis
What are the purposes of budget variance analysis? (Select all that apply)
A) Compare actual vs. budgeted spending
B) Identify reasons for variances
C) Take corrective action
D) Set next year's budget
Answer: A, B, C
Explanation: Budget variance analysis compares actual vs. budgeted amounts, identifies reasons for differences, and takes corrective action, but does not directly set next year's budget.
