Some Financial Variances Show Increases in Operating Income Relative to a Budgeted

Multiple Choice

Some financial variances show increases in operating income relative to a budgeted or allocated amount, and others show decreases in operating income.Respectively, these variances are

A) budgeted, standard.
B) favourable, unfavourable.
C) standard, budgeted.
D) unfavourable, favourable.
E) fixed, variable.