A Favorable Variance Indicates That ________

question 24

Multiple Choice

A favorable variance indicates that ________.

• A) budgeted costs are less than actual costs
• B) actual revenues exceed budgeted revenues
• C) actual operating income is less than the budgeted amount
• D) budgeted contribution margin is more than the actual amount

---

Definitions:

Data Mining

The process of analyzing large datasets to discover patterns, trends, and insights that can inform decision-making and strategic planning.

Legal Restrictions

Laws or regulations that limit or regulate certain actions or practices within a society or industry.

Memorable

Something that is easily remembered or leaves a lasting impression due to its distinctiveness, significance, or emotional impact.

Alliterative

The occurrence of the same letter or sound at the beginning of adjacent or closely connected words.