When compared to the budgeted amount, if the actual cost or revenue contributes to a lower income, then the variance is considered
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Solution 1
The variance is considered unfavorable. When actual costs are higher than budgeted costs, or actual revenues are lower than budgeted revenues, it results in a lower income than planned. This is unfavorable because it means the company is not meeting its financial goals. This could be due to a variet Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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