A budget variance is ............ when the actual revenue is higher than the budget or when the actual expense is less than the budgeted expense.
CS Executive · Corporate and Management Accounting · PYQS · December 2024
A budget variance is ............ when the actual revenue is higher than the budget or when the actual expense is less than the budgeted expense.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Budgetary Control
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