Multiple Choice
Identify the situation that will result in a favorable variance.
A) Actual revenue is higher than budgeted revenue.
B) Actual revenue is lower than budgeted revenue.
C) Actual income is lower than expected.
D) Actual costs are higher than budgeted costs.
E) Actual expenses are higher than budgeted expenses.
Correct Answer:
Verified
Correct Answer:
Verified
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