When the actual revenue is more than budgeted revenue, then the resulting variance is:

1. Favorable variance.

2. Unfavorable variance.

3. Adverse variance.

4. Development variance.

When the actual cost is less than budgeted cost, then the resulting variance is:

1. Favorable variance.

2. Unfavorable variance.

3. Adverse variance.

4. Development variance.

Which of these are not relevant costs?

1. Unavoidable costs

2. Sunk costs

3. Incremental costs

4. Committed fixed costs