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      Question

      A company has an actual sales of ₹25 crore vs. a

      budget of ₹30 crore. Costs were below budget by ₹2 crore. What does this imply?
      A Favourable sales variance Correct Answer Incorrect Answer
      B Adverse cost variance Correct Answer Incorrect Answer
      C Overall performance adverse Correct Answer Incorrect Answer
      D Adverse sales variance but favourable cost variance Correct Answer Incorrect Answer

      Solution

      Sales < Budget = Adverse Sales Variance; Cost < Budget = Favourable Cost Variance

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