Which of the Following Is True of Mix Variance

question 52

Multiple Choice

Which of the following is true of mix variance?

• A)A mix variance is created whenever actual mix of inputs differs from standard mix.
• B)A mix variance is created whenever actual mix of inputs differs from standard output.
• C)A mix variance is the difference in standard and actual costs of the actual mix of inputs used.
• D)A mix variance is the difference between the actual amount of each input and its standard mix amount.

---

Definitions:

Simple Random Sampling

A sampling method where each member of a population has an equal chance of being included in the sample.

Equal Probability

This refers to the concept that all outcomes or members of a population have the same chance of occurring or being chosen.

Stratified Random

A sampling method that involves dividing the population into subgroups and randomly selecting samples from each subgroup to ensure representation.

Nonprobability Sampling

Type of sampling procedure in which one cannot specify the probability that any member of the population will be included in the sample.