The Sales Volume Variance Helps Managers Understand

question 19

Multiple Choice

The sales volume variance helps managers understand

• A)the effects of price changes on actual results.
• B)flexible budget variances.
• C)why the company's actual total revenue differs from the amount budgeted.
• D)the impact of greater actual sales over budgeted sales due to selling more units.

---

Definitions:

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price.

Supply Curve

A visual depiction showing the connection between a product's price and the amount available for supply.

Supply Curve

An illustrated chart that maps the link between the cost of a commodity and how much of it is produced.

Apartments

Residential units within a building or complex that are owned or rented for living purposes.