Some Financial Variances Show Increases in Operating Income Relative to a Budgeted

question 38

Multiple Choice

Some financial variances show increases in operating income relative to a budgeted or allocated amount, and others show decreases in operating income.Respectively, these variances are

• A)budgeted, standard.
• B)favourable, unfavourable.
• C)standard, budgeted.
• D)unfavourable, favourable.
• E)fixed, variable.