Multiple Choice
The following two items are from Marcia White's "Dining Out" expense category:
(1) January monthly variance = $25 (favorable) ;
(2) February cumulative variance = -$10 (unfavorable) .
If Marcia budgeted $85 a month for this activity,we know that she
A) spent $60 in January and $95 in February.
B) spent $60 in January and $120 in February.
C) can bring the activity back within budget by spending $85 in March.
D) has not budgeted properly.
Correct Answer:

Verified
Correct Answer:
Verified
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