If the Flexible?budget Variance Was $6,000 Favorable, and the Sales-Activity

question 24

Multiple Choice

If the flexible?budget variance was $6,000 favorable, and the sales-activity variance was $3,000 favorable, the total master-budget variance was _____.

• A)$9,000 favorable
• B)$9,000 unfavorable
• C)$3,000 favorable
• D)$3,000 unfavorable

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Definitions:

Aggregate Supply Curve

An illustrative depiction that exhibits the connection between total economic output and the general price level.

Real GDP

Real Gross Domestic Product measures the value of all final goods and services produced within a country's borders in a specific time period, adjusted for inflation.

Equation of Exchange

An economic formula representing the relationship between the money supply, its velocity, the price level, and the volume of transactions in an economy.

Money Supply

The collected amount of financial resources in an economy at a pointed-out time.