Question
Ima Knight has budgeted $300 for food, $400 for insurance, and $500 for gifts. Ima's actual expenses were $200 for food, $300 for insurance and
Ima Knight has budgeted $300 for food, $400 for insurance, and $500 for gifts.
Ima's actual expenses were $200 for food, $300 for insurance and $500 for gifts.
What is Ima's total budget variance?
| A positive $100 (under budget) |
| A negative $100 (over budget) |
| A positive $200 (under budget) |
| Zero |
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
