An Unfavorable Variance Indicates That

question 32

Multiple Choice

An unfavorable variance indicates that:

• A)actual costs are less than budgeted costs
• B)actual revenues exceed budgeted revenues
• C)the actual amount decreased operating income relative to the budgeted amount
• D)All of these answers are correct.

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Definitions:

Population Increase

The growth in the number of individuals in a population over time.

Commons Dilemma

A situation where individual interests conflict with the collective good, often leading to overuse or depletion of shared resources.

Global Warming

The long-term rise in Earth's average surface temperature, primarily due to human activities such as burning fossil fuels.

Overpopulation

Overpopulation is a condition where an organism's numbers exceed the carrying capacity of its habitat, leading to environmental degradation and diminished quality of life.