Which of the following statements about variances is false? None of the above is true. If actual profit is less than budgeted, the result is an unfavorable total profit variance. If actual direct material price is less than budgeted, the result is an unfavorable materials price variance. If actual sales volume is less than budgeted, the result is an unfavorable activity variance. If actual sales price is less than budgeted, the result is an unfavorable revenue variance.
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Which of the following statements about variances is false? None of the above is true. If actual pro...
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