Variances from Standards Are

question 146

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 answers are correct.

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Definitions:

Total Revenue

The total amount of money generated by the sale of goods or services before any expenses are subtracted.

Total Revenue

This is the total amount of money a firm receives from the sale of its products or services, calculated by multiplying the price per unit by the number of units sold.

Sellers' Total Revenue

The total amount of money received by sellers from selling a certain amount of goods and services.

Total Revenue

The complete revenue a firm earns from its sales of products or provision of services within a given period.