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actual results flexible budget activity level 2,000 units 2,000 units revenues $200,000 $210,000 expenses $190,000 $175,000 Based on the comparison above which statement is correct?

actual results flexible budget
activity level 2,000 units 2,000 units
revenues $200,000 $210,000
expenses $190,000 $175,000

Based on the comparison above which statement is correct?

a favorable revenue variance and unfavorable spending variance exists

an unfavorable revenue variance and unfavorable spending variance exists

a favorable revenue variance and favorable spending variance exists

an unfavorable revenue variance and favorable spending variance exists

Which is correct?

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