If the cost of raw material was less than budgeted, you have a(n) __________________.
a. Unfavorable variance
b. Unavoidable variance
c. Favorable variance
d. Either; it depends on what your sales were
Answer: c. Favorable variance
If the cost of raw material was less than budgeted, you have a(n) __________________.
a. Unfavorable variance
b. Unavoidable variance
c. Favorable variance
d. Either; it depends on what your sales were
Answer: c. Favorable variance