5 LO Which of the following statements is true? Mutiple Choice The spending variance for a variable expense will usually equ The spending variance for a variable expense will be favorable if the amount of the expense contained in the flexible budget is greater than the actual amount of the expense The spending variance for a variable expense wil be favorable if the amount of the expense contained in the flexible budget is less than the actual amount of the expense. The spending variance for a variable expense can be favorable or unfavorable depending on whether the actual expense is greater than or less than the planned expense 2 4 Which of the following statements is true? 00:43:02 Mutiple Choice The revenue variance will usually equal zero The revenue variance will be favorable if the revenue in the flexible budget exceeds the actual revenue. The revenue variance will be favorable the revenue in the flexible budget is less than the actual revenue The revenue variance can be favorable or unfavorable depending on the planned level of activity