1) what is favourable? a) ### b) expenses that are not dependent on the activities of the business c) the difference between actual and budgeted spending or income that results in an organization having more money than planned d) the total money received from the sale of any given quantity of output e) a difference between actual and budgeted spending or income that results in the organization having less money than planned 2) what is variance? a) ### b) difference of revenues, costs, and profit from the planned amounts c) make neither profit nor loss d) expenses that change in proportion to the activity of a business e) number of products available 3) what is adverse? a) a difference between actual and budgeted spending or income that results in the organization having less money than planned b) amount of money getting into your business c) amount of money you sell your item for d) is the price you begin with 4) what is the variance analyse formula? a) subtracting the gross profit by fixed cost b) fixed cost added to variable c) quantity sold times individual costs of making d) subtracting the budget from the actual spending

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