1. A favorable variance is a variance that A decreases operating income relative to the budgeted amount. TUAN OFDBAND increases operating income relative to the budgeted amount. decreases cash relative to the budgeted amount. C D. increases costs relative to the budgeted amount. 2. Keelty Jewelry manufactures jewelry. In October, Keelty is planning to make 500 rings, 400 bracelets, and 210 pendants. Each ring requires 3 ounces of gold and 2 semi-precious Stones Fach bracelet requires 4 ounces of gold and 4 semi-precious stones. Each pendant urchase the 10k