Jones Company Decided It Would Only Deliver to Each Geographic

question 9

Multiple Choice

Jones Company decided it would only deliver to each geographic market it serves once each week.This strategy is called:

• A)Market area consolidation
• B)Scheduled delivery consolidation
• C)Pooled Delivery
• D)Phantom freight

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Definitions:

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the standard cost of variable overhead that should have been incurred based on the efficiency of operations.

Favorable

An accounting term referring to actual results being better than projected or budgeted figures, often used in the context of variances.

Unfavorable

A term often used in finance and accounting to describe a variance or outcome that leads to a worse financial position than expected.

Volume Variance

The difference between the budgeted volume of production or sales and the actual volume, indicating whether a business performed better or worse than expected.