Answer the following statements true (T) or false (F)
1. The sales volume variance is the difference between the expected results in the flexible budget for the .actual units sold and the static budget.
2. The sales volume variance is a result of the difference between the actual sales price and the budgeted sales price.
3. The flexible budget variance is the difference between expected results in the flexible budget for the actual units sold and the static budget.
4. The flexible budget variance is the difference between the actual results and the expected results in the flexible budget for the actual units sold.
5. A standard is a sales price, cost, or quantity that is expected under normal conditions.
1. TRUE
2. FALSE
3. FALSE
4. TRUE
5. TRUE
You might also like to view...
What positive correlation appeared within the evidence of the ERC survey into organizational culture at for-profit organizations?
a. strong ethical culture and lower levels of misconduct b. strong ethical culture and higher levels of misconduct c. weaker ethical culture and lower levels of retaliation for reporting misconduct d. strong-leaning ethical culture and higher levels of retaliation for reporting misconduct
All of the following are stages in the PLC EXCEPT ________
A) introduction B) growth C) maturity D) adoption E) decline
A ________ is a contract for the licensing of industrial property rights to two or more licensees
A. WIPO Copyright Treaty B. cross-licensing agreement C. patent pool D. multiple licensing agreement
The main benefits for organizations in the implementation of the inclusive workplace approach at level I are ______.
a. employees form better relationships in and out of the office b. improved benefits c. positive image with employees, customers, and financial institutions d. customer satisfaction