The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as . . . . . . . .

Difference
Variance
Discrepancy
Inconsistency

The correct answer is: Variance.

A variance is the difference between the actual and standard costs, profits, or sales. Variances are used to measure performance and identify areas where improvement is needed.

A difference is simply the result of subtracting two numbers. It does not have any specific meaning in the context of accounting or finance.

A discrepancy is a difference between two or more things that is considered to be significant or unacceptable. In the context of accounting or finance, a discrepancy could be a difference between the actual and recorded amounts of something, such as revenue or expenses.

Inconsistency is a lack of consistency or uniformity. In the context of accounting or finance, inconsistency could refer to a lack of consistency in the way that financial information is reported.

I hope this helps! Let me know if you have any other questions.

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