Your question is Favorable vs Unfavorable Variance. Take a moment with it on the right.
Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).
You are reviewing a monthly budget variance for a finance team. Actual spending came in at $48,000 versus a budget of $50,000, and actual revenue came in at $118,000 versus a budget of $125,000.
How do you determine whether a variance is favorable or unfavorable in context?