Which of the following budgeted expenses has a favourable variance?

Name: Which of the following budgeted expenses has a favourable variance?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The budgeted expense for telephone was $4,000, but the actual expense was only $3,700. This creates a positive variance, meaning the actual expense was less than the budgeted expense, which is favorable for the business. The other options have either negative variances (actual expense was greater than budgeted expense) or no variance at all.

Which of the Following Budgeted Expenses Has a Favourable Variance