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:

Universal Laws

Fundamental principles or laws that are believed to be universally applicable, regardless of systems or beliefs.

Direct Pronouncements

Clear and explicit statements or announcements made by an authoritative source, often used in the context of official declarations or policy communications.

God

A supreme being considered in various religions as the creator and ruler of the universe, often worshipped and invoked.

Ethical Fundamentalism

is the belief in following a strict set of ethical guidelines or moral codes, regardless of circumstances or outcomes.