Actual salary expense is in Cell B12, budgeted salary expense is in Cell C12, and the absolute value of the salary expense variance is in Cell E12. What formula would be entered in Cell E12 to display whether the variance is Favorable (F) or Unfavorable (U)?

a. =IF(B12

b. =IF(B12>C12,“U”,“F”)

c. =ABS(B12

d. =ABS(B12>C12,“U” ,“F”)