Variances from Standards Are

question 118

Multiple Choice

Variances from standards are

• A) expressed in total dollars.
• B) expressed on a per-unit basis.
• C) expressed on a percentage basis.
• D) all of these.

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Definitions:

Net Operating Income

A measure of a company's profitability from its regular business operations, excluding deductions of taxes and interest expenses.

Turnover

Turnover refers to the rate at which employees leave a workforce and are replaced, or the total volume of sales made by a company during a particular period.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, expressed as a percentage of the return on the investment relative to its cost.

Margin

The difference between the selling price of a product and its cost of production.