Question: A Spending Variance is the difference between the actual cost and how much the cost should have been, given the actual level of activity. A

A Spending Variance is the difference between the actual cost and how much the cost should have been, given the actual level of activity.

A favorable spending variance occurs when the actual cost is lower than expected.

An unfavorable variance occurs when the actual cost is higher than expected.

Group of answer choices

True

False

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