When a comparison of static and flexible budgets shows an unfavorable sales volume variance, the variable cost volume variances will also be unfavorable.
Answer the following statement true (T) or false (F)
False
When the static is compared to the flexible budget, a decrease in sales volume will produce an unfavorable sales volume variance. However, since the variable costs in the flexible budget will be lower than the variable costs in the static budget, the variable cost volume variances will be favorable.
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With reference to technical standards, a dominant design refers to a:
A. set of design standards that are extremely complicated to adhere to. B. network of complementary products as a primary determinant of the demand for an industry's product. C. common set of features or design characteristics. D. product design that requires extremely high production costs. E. product design that requires extensive advertising.
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Indicate whether the statement is true or false
Buyers of industrial goods and ___________ usually act on the same motives.
Fill in the blank(s) with the appropriate word(s).