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Which of the following statements is true? Multiple Choice The revenue variance will usually equal zero. The revenue variance will be unfavorable if the revenue

Which of the following statements is true? Multiple Choice

The revenue variance will usually equal zero.

The revenue variance will be unfavorable if the revenue in the flexible budget exceeds the actual revenue.

The revenue variance will be unfavorable if the revenue in the flexible budget is less than the actual revenue.

The revenue variance can be favorable or unfavorable depending on the planned level of activity.

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