Spending variances are computed by taking actual results minus the Blank______ budget.Multiple choice question.planningflexible

Spending variances are computed by taking actual results minus the Blank______ budget.

The current status of a project is that cost variance (CV) is -$100. This means the project is ___.Multiple choice question.over budgetunder budgetbehind scheduleahead of schedule

A planning budget called for 500 units to be produced and total direct labor cost of $7,500. Actual production was 600 units and actual direct labor cost was $9,300. The spending variance is Blank______.Multiple choice question.$300 F$1,800 U$300 U$1,500 F$1,500 U

Fill in the Blank QuestionFill in the blank question.When compared to the budgeted amount, if the actual cost or revenue contributes to a higher income, then the variance is considered .

Multiple Choice QuestionThe fixed budget indicates sales of $50,000. Actual sales were $55,000. The variance is:Multiple choice question.$5,000 unfavorable$55,000 favorable$55,000 unfavorable$5,000 favorable