Which of the Following Statements Is Not True

question 15

Multiple Choice

Which of the following statements is not true?

• A) If actual sales are greater than budgeted sales, the result is a favorable variance.
• B) If actual cost is greater than budgeted cost, the result is an unfavorable variance.
• C) If budgeted sales are greater than actual sales, the result is an unfavorable variance.
• D) If budgeted cost is greater than actual cost, the result is an unfavorable variance.
• E) If actual cost is less than budgeted cost, the result is an favorable variance.

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Definitions:

Flexible Budget Performance Report

A report that compares actual performance against budgeted figures that are adjusted (flexed) for the actual level of output or revenue.

Patient-Visits

A term used in healthcare management to refer to the number of times patients see a healthcare provider or visit a healthcare facility.

Activity Variances

Differences between planned and actual costs in various business activities, analyzed for budgetary control and cost management purposes.

Patient-Visits

The number of distinct times patients visit a healthcare provider or facility for services.