?Which of the following is true about the values in the chart below:
Budgeted
Category
Budgeted
Expense
Actual Expense Variance Absolute Value
of Variance
Entertainment
Costs
$375 $402 $27?
A. ?The variance is negative.
B. ?The variance is always positive.
C. ?The variance is -$27.
D. ?Both a and c are true.
E. ?The absolute value of the variance is always positive.
F. ?a, c, and e are true.
Answer: F
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