A cost code is $3,200 over on a $41,500 budget. What is the over-budget percentage, rounded to one decimal place?
Correct Answer
D) 7.7 percent.
The over-budget percentage is $3,200 / $41,500 = 7.7 percent when rounded to one decimal place.
Why This Is the Correct Answer
The over-budget percentage is $3,200 / $41,500 = 7.7 percent when rounded to one decimal place.
Why the Other Options Are Wrong
Option A: 5.7 percent.
5.7 percent. is below the supported result for budget variance; it likely uses the wrong base, period, or account bucket.
Option B: 6.4 percent.
6.4 percent. is below the supported result for budget variance; it likely uses the wrong base, period, or account bucket.
Option C: 7.1 percent.
7.1 percent. is below the supported result for budget variance; it likely uses the wrong base, period, or account bucket.
Memory Technique
Budget Variance drawer for Calculating Cost-Code: label over-budget before counting dollars.
Reference Hint
Study anchor (closed-book): memorize Budget variance from CSLB Law and Business Study Guide; CSLB 2026 Law Book / CSLB Law and Business Study Guide Business Finances; know the rule or calculation trigger without relying on exam-room lookup.
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