Is the Fixed Overhead Spending (Budget)variance Favorable or Unfavorable

question 53

Multiple Choice

Is the fixed overhead spending (budget) variance favorable or unfavorable?

• A)favorable
• B)unfavorable

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Definitions:

Retail Pricing Strategy

The approach a retailer uses to price its products or services, aimed at achieving a balance between profit margins and market competitiveness.

Markdowns

Reductions in the selling price of goods, often to clear old stock or during sales promotions.

Original Price

The initial cost set for a product or service before any discounts, promotions, or markdowns are applied.

Markdown

A reduction from the original or listed price of a product, typically to stimulate sales or clear inventory.