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GoodMad_ GoodMad_
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From a budgeting view, which of the following statements is not true concerning variances?
A) Ideally, cumulative variances for the year will equal zero.
B) A favorable expense variance means the budgeted amount was more than actual.
C) Cumulative variance = current month's variance + variances of previous months.
D) Ideally, cumulative variances for the year should have a positive value.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
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bzapianbzapian
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