If the Standard Quantity (SQ), Actual Quantity (AQ), Standard Price

question 70

Multiple Choice

If the standard quantity (SQ) , actual quantity (AQ) , standard price (SP) , and actual price (AP) are 350 units, 400 units, $12, and $13 respectively, then the total budget variance is _____.

• A)$1,000 favorable
• B)$250 favorable
• C)$250 unfavorable
• D)$1,000 unfavorable

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Definitions:

When They Work

Situations or conditions under which specific strategies, processes, or efforts yield successful outcomes.

Flexible Work Arrangements

Work structures that allow employees to have varying schedules and locations, enhancing work-life balance.

Promote

To support or actively encourage a cause, venture, or individual to grow or to be recognized.

Contingency Factor

A variable that can alter the impact of a specific managerial action on organizational outcomes.