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CIPS L3M2 Exam - Topic 1 Question 49 Discussion

Actual exam question for CIPS's L3M2 exam
Question #: 49
Topic #: 1
[All L3M2 Questions]

The budget for procurement staff costs is 100,000 but only 90,000 has been spent in the period. This has resulted in substantial further work for procurement staff members, sometimes working into the evening or at weekends.

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Suggested Answer: D

As less has been spent than budgeted, the variance is favourable.


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Lore
16 days ago
I remember we discussed variances in class, but I'm not sure if spending less than the budget is always favorable.
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