A favorable budget variance occurs when actual expenses are greater than flexible budget
expenses.

Name: A favorable budget variance occurs when actual expenses are greater than flexible budget expenses.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A favorable budget variance occurs when actual expenses are less than flexible budget expenses, indicating that the company spent less than anticipated. If actual expenses are greater than flexible budget expenses, this is an unfavorable variance, indicating that the company overspent.

A Favorable Budget Variance Occurs When Actual Expenses Are Greater