An Unfavourable Variance Occurs When

question 11

Multiple Choice

An unfavourable variance occurs when:

• A) actual expenses are less than budgeted expenses.
• B) budgeted expenses are greater than actual expenses.
• C) actual sales are higher than budgeted sales.
• D) budgeted sales are higher than actual sales.

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Definitions:

Break-Even

The point at which total costs and total revenue are equal, leading to no net loss or gain for a business.

Effect Size

A quantitative measure of the strength of a phenomenon or the magnitude of a difference between groups in research.

Utility Variables

Factors or elements that can influence the usefulness or effectiveness of a process, product, or decision.

Effect Size

A measure used in statistics to quantify the magnitude of a phenomenon or the difference between two groups.