hearing this the CFO has explained to management that the activity budget is actually an indicator of "favorable" results. Why did she say this? Multiple Choice The unfavorable activity variance is to be expected because gasoline prices went down significantly during the period and that is a good thing. The activity variance is significantly less than the spending variance, and that is always a favorable event. Explaining an unfavorable budget to management as a favorable event is necessary because management by exception requires this explanation