A performance report shows that the planned revenue was $200,000, the flexible budget revenue was $225,000, and actual revenue was $223,000. Which of the following statements are true? A) The activity variance is $25,000 Favorable. B) The activity variance is $25,000 Unfavorable. C) The revenue variance is $2,000 Unfavorable. D) The revenue variance is $2,000 Favorable.
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