1. Why do variances arise?

A. Variances arise when management foregoes preparing a budget for the period

B. Actual revenues and expenses are different than budgeted revenues and expenses for the relevant period

C. Actual revenues and expenses the same as budgeted revenues and expenses for the relevant period

D. Management changes their approach midway through the relevant period

2. True or false: Ingredients used in the preparation of meals would be considered a direct cost for the food and beverage department

True

False

3. True or false: Salaries for the accounting department would be considered a direct cost for the food and beverage department

True

False

4. True or false: Depreciation on hotel equipment would be considered a direct cost for the food and beverage department

True

False