Answer the following statements true (T) or false (F)
1. When favorable variances are added to unfavorable variances, the result is always a total favorable variance.
2. Favorable and unfavorable variances are subtracted from each other to arrive at a net favorable or unfavorable variance.
3. Unfavorable variances are subtracted from each other to arrive at a favorable variance.
4. If both favorable and unfavorable variances exist, the variances are subtracted from each other. The variance is determined to be favorable or unfavorable based on which one is the larger amount.
1. FALSE
2. TRUE
3. FALSE
4. TRUE
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