What Does a Favourable Variance Indicate

question 189

Multiple Choice

What does a favourable variance indicate?
Variant question

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

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Definitions:

Spatial Location

The specific position or area within a three-dimensional space where an object or person is located.

Primacy Effect

the tendency to remember information that comes first in a list better than information that comes later.

Recency Effect

A memory phenomenon where the most recently presented items or experiences are more likely to be remembered than those presented earlier.

Primacy Effect

The tendency to remember information at the beginning of a list better than the information in the middle or at the end.