g Enabled: Exam 2: Chapters 1 TB MC Qu. 21-54 (Static) Identify the situation below that will... Identify the situation below that will result in a favorable variance. Multiple Choice O Actual income is lower than expected income. O Actual revenue is higher than budgeted revenue. O Actual expenses are higher than budgeted expenses. O Actual costs are higher than budgeted costs. O Actual revenue is lower than budgeted revenue