Complete the Business Flex Budgets exercise $($Chapter $4$ DA Exercise $1)$ before answering this question. The MIN net operating income $($cell F$18)$ is coming from which quarter

and which type $($Actual$,$ Flex Budget, or Plan$)?$

$3$rd Quarter "Actual Amount"

$1$st Quarter "Flex Budget Amount"

$1$st Quarter "Actual Amount"

$3$rd Quarter "Plan Amount"

$4$th Quarter "Actual Amount"

$2$nd Quarter "Flex Budget Amount"

Question $9$

Complete the Business Flex Budgets exercise $($Chapter $4$ DA Exercise $1)$ before answering this question. Analyze the "Miscellaneous Expense" line item

for each of the four quarters. The "miscellaneous expense" was:

consistently under$-$budget "unfavorable expense variance" for each of the four quarters.

consistently over$-$budget "unfavorable expense variance" for each of the four quarters.

consistently under$-$budget "favorable expense variance" for each of the four quarters.

consistently over$-$budget "favorable expense variance" for each of the four quarters.