If Actual Costs Are Less Than Budgeted Costs Then the Variance

question 46

Multiple Choice

If actual costs are less than budgeted costs then the variance will be:

• A) favourable
• B) unfavourable
• C) immaterial
• D) b and c

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Definitions:

Norris-La Guardia Act

A 1932 U.S. federal law that restricted the power of federal courts to issue injunctions against non-violent labor disputes and made yellow-dog contracts unenforceable.

Federal Courts

Courts established by the federal government that have jurisdiction over legal cases and controversies under federal law.

Injunctions

Court orders requiring an individual or entity to do or cease doing a specific action, often used to prevent irreparable harm.

LMRA

The Labor Management Relations Act, also known as the Taft-Hartley Act, which regulates labor-management relations in the United States.