Variances always measure:

a$.$ by how much we underperformed the budget.

b$.$ by how much we overperformed the budget.

c$.$ differences between budget figures and actual figures.

d$.$ only the bad results we have had.

e$.$ none of the above.

In the "fabulous and brilliant" Bessner coding system for bank

reconciliations, an NSF cheque will be treated as:

a$.aB+$item.

b$.$ a $C+$ item.

c$.$ a B$-$item.

d$.$ a C$-$item.

e$.$ none of the above.

If a company's overall revenue variance consists of a price variance of

$$23,000F$ and a volume variance of $$18,000U$ :

a$.$ all that really matters is that the overall revenue variance is $F.$

b$.$ we need to find out why the price variance was not even higher.

c$.$ we need to find out why there was a volume variance of $$18,000U.$

d$.$ the actual overall variance was $$41,000F.$

e$.$ none of the above.

In order to properly budget a restaurant's annual expected revenue, we need

to know:

a$.$ the number of seats it contains.

b$.$ the turnover rate for each meal period that the restaurant is open.

c$.$ the number of days the restaurant will be open during the year.

d$.$ the average check for each meal period.

e$.$ all of the above.

In the Bottom$-$Up Method, before$-$tax profit is treated as a:

a$.$ fixed item.

b$.$ variable item.

c$.$ semi$-$variable item

d$.$ both a and $b$ above.

e$.$ none of the above.