What Does an Unfavourable Variance Indicate

question 98

Multiple Choice

What does an unfavourable variance indicate?
Variant question

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

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Definitions:

Seven Years

Seven years is a time period of seven consecutive years, often referred to in various legal, financial, and personal contexts.

Thirty Days

A period of time consisting of 30 consecutive days.

Depositor's Ability

The capacity of a depositor to make deposits or conduct other transactions with a bank or financial institution.

Clears

typically refers to the process by which transactions are settled or reconciled between parties in trading or financial contexts.