STAFFING BUDGETS FTE VARIANCE
ANALYSIS EXAM SCRIPT FINAL PAPER 2026
COMPLETE QUESTIONS AND ANSWERS
◉ What does quantitative analysis in variance analysis focus on?
Answer: Numerical variances to the budget, such as being over or
under budget for labor or supply usage.
◉ What does qualitative analysis in variance analysis focus on?
Answer: Non-numerical aspects, reconciling underlying assumptions
of the budget with current conditions.
◉ What are direct costs in budgeting?
Answer: Costs that can be directly attributed to a specific service or
product.
◉ What are indirect costs?
Answer: Costs that are not directly attributable to a specific service
or product.
◉ What is full cost in budgeting?
ANALYSIS EXAM SCRIPT FINAL PAPER 2026
COMPLETE QUESTIONS AND ANSWERS
◉ What does quantitative analysis in variance analysis focus on?
Answer: Numerical variances to the budget, such as being over or
under budget for labor or supply usage.
◉ What does qualitative analysis in variance analysis focus on?
Answer: Non-numerical aspects, reconciling underlying assumptions
of the budget with current conditions.
◉ What are direct costs in budgeting?
Answer: Costs that can be directly attributed to a specific service or
product.
◉ What are indirect costs?
Answer: Costs that are not directly attributable to a specific service
or product.
◉ What is full cost in budgeting?