Within the same budget performance report, it is impossible to have both favorable and unfavorable variances.

Question

Quizplus · Accepted Answer

It is possible to have both favorable and unfavorable variances in the same budget performance report. Favorable variances indicate that actual results were better than budgeted, while unfavorable variances indicate that actual results were worse than budgeted. It is common to have a mix of both types of variances in a performance report.

Within the Same Budget Performance Report, It Is Impossible to Have