Which of the following statements is true? Multiple Choice: The revenue variance will be favorable if the revenue in the flexible budget exceeds the revenue in the planning budget. The revenue variance can be favorable or unfavorable depending on the formula used to create the flexible budget. The revenue variance will equal zero if the actual revenue earned equals the revenue expected for the actual level of activity. The revenue variance can be favorable or unfavorable depending on the planned level of activity.

Which of the following statements is true? Multiple Choice The revenue variance will be favorable if the revenue in the flexible budget exceeds the revenue in the planning The revenue variance can be favorable or unfavorable depending on the formula used to create the flexible bu The revenue variance will equal zero if the actual revenue earned equals the revenue expected for the actual The revenue variance can be favorable or unfavorable depending on the planned level of activity