The revenue variance in the Revenue and Spending Variances column of a report comparing actual results to the flexible budget for March would have been closest to:

A) $21,500 U
B) $2,100 U
C) $21,500 F
D) $2,100 F

Revenue Variance

The difference between actual revenue earned and the expected (or budgeted) revenue.

Spending Variances

The difference between the actual amounts spent and the budgeted amounts for various categories, used in budgetary control and analysis.