An Example of a Favorable Variance Is

question 129

Multiple Choice

An example of a favorable variance is:

• A) actual revenues are less than expected
• B) material prices are greater than expected
• C) actual expenses are less than expected
• D) expected labor costs are less than actual costs

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Definitions:

Marketing Research

The systematic gathering, recording, and analysis of data about issues relating to marketing products and services.

Prospective Customers

People or organizations that might buy a product or service but haven't purchased anything so far.

Survey Method

A research technique that involves the collection of data from a pre-defined group of respondents by means of a questionnaire or interview to gather information and insights on various topics.

Valuable Data

Information that is highly useful or beneficial, particularly in making decisions or formulating strategies in business or research.