Which of the Following Is an Incorrect Statement Regarding Variances

question 28

Multiple Choice

Which of the following is an incorrect statement regarding variances?

• A) A variance is favorable when expected sales are more than actual sales.
• B) A variance is a difference between budgeted and actual amounts.
• C) A variance can be calculated for both revenues and expenses.
• D) A variance can be both favorable and unfavorable.

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