The adverse (unfavourable) variance is:
A) Budgeted payment for rent $12,000, actual rent $11,500.
B) Budgeted payment for interest $1,000, actual interest $1,000.
C) Budgeted payment for wages $42,000, actual wages $45,000.
D) Budgeted receipts from accounts receivable $60,000, actual receipts $65,000.
Correct Answer:
Verified
Q45: Which of the following could be the
Q46: Use the information below to answer
Q47: Use the information below to answer
Q48: What does flexing the budget mean?
A)revising the
Q49: If actual income is $48,500 and budgeted
Q51: Managements interest in variances is due to:
A)the
Q52: Use the information below to answer
Q53: An adverse variance is best described as
Q54: The reconciliation between budgeted profit and actual
Q55: Use the information below to answer
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