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.

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Definitions:

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The illegal activity of trading a public company's stock or other securities by individuals with access to non-public, material information about the company.