The Reconciliation Between Budgeted Profit and Actual Profit Can Be

The reconciliation between budgeted profit and actual profit can be summarised as:

A) budgeted profit minus all favourable variances plus all adverse variances equals actual profit.
B) actual profit plus all favourable variances minus all adverse variance equals budgeted profit.
C) actual profit plus all favourable variances plus all adverse variances equals budgeted profit.
D) budgeted profit plus all favourable variances minus all adverse variance equals actual profit.