25 Which of the following applications is most suited for developing flexible budgets? A. Database B Graphics C. Spreadsheet D. Word processing 26 When would a variance be labeled as favorable? A. When actual costs are less than standard costs B. When standard costs are equal to actual costs C. When standard costs are less than actual costs D. When estimated costs are greater than actual costs 27 When would a variance be labeled as unfavorable? A. When standard costs are more than actual costs B. When expected sales are less than actual sales C. When actual sales are equal to expected sales D. None of these answers is correct