Use the Following Information to Answer the Following Questions

question 41

Multiple Choice

Use the following information to answer the following Questions
The Step Company has the following information for the year just ended:


-The Step Company's sales-price variance is:

• A) $3,000 unfavorable.
• B) $7,000 unfavorable.
• C) $7,000 favorable.
• D) $7,500 unfavorable.
• E) $7,500 favorable.

---

Definitions:

Consumption

The use of goods and services by households or individuals, often measured to understand economic activity and trends.

Economically Depleted

A condition where resources, assets, or energy have been consumed to the point of diminishing returns, affecting economic vitality.

Affordable Oil

The availability of oil at a cost that does not adversely affect economic growth and consumer affordability.

Phase In

The gradual integration or implementation of a policy, system, equipment, or procedure over a period of time.