From a budgeting view, which of the following statements is not true c

From a budgeting view, which of the following statements is not true concerning variances?

A)

A favorable expense variance means the budgeted amount was more than actual.
B)

Cumulative variance = current month’s variance + variances of previous months.
C)

Ideally, cumulative variances for the year will equal zero.
D)

Ideally, cumulative variances for the year should have a positive value.

ANSWER

D