The differences between actual and budgeted figures are known as type your answer... 2 Which of the following is true about unfavorable variances? O Managers generally investigate only unfavorable variances as part of "management by exception." Unfavorable variances will always be negative numbers when subtracting actual figures minus budgeted figures. Unfavorable variances should always be interpreted as "bad news for the company. Unfavorable variances are variances that cause operating income to be lower than budgeted. Variance percentage is calculated by dividing the choose your answer... V by the choose your answer... v