Spending less than budgeted for maintenance costs will result in a(n)________ variance.When actual revenues exceed budgeted revenues,this results in a(n)________ variance.
A) unfavorable; unfavorable
B) unfavorable; favorable
C) favorable; unfavorable
D) favorable; favorable

Question

Quizplus · Accepted Answer

Spending less than budgeted for maintenance costs results in a favorable variance because it indicates cost savings. When actual revenues exceed budgeted revenues, it results in a favorable variance as well, indicating better-than-expected financial performance.

Spending Less Than Budgeted for Maintenance Costs Will Result in A(n)________