2
Question
A favorable variance will arise when revenues are _______ than expected.
A favorable variance will arise when revenues are _______ than expected.
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Solution
The correct option is A More
A favorable variance is one where revenue comes in higher than budgeted or expenses are lower than predicted.Conversely, an unfavorable variance occurs when revenue falls short of the budgeted amount or expenses are higher than predicted.
A favorable variance is one where revenue comes in higher than budgeted or expenses are lower than predicted.
Conversely, an unfavorable variance occurs when revenue falls short of the budgeted amount or expenses are higher than predicted.
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