Business, 06.05.2020 08:31 hallynwright9722

Which of the following is an incorrect statement regarding variances?

a. A variance can be both favorable and unfavorable.
b. A variance is favorable when expected sales are more than actual sales.
c. A variance is a difference between budgeted and actual amounts.
d. A variance can be calculated for both revenues and expenses.

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Which of the following is an incorrect statement regarding variances?

a. A variance can...

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