Which of the Following Are Examples of Transactional Information

question 131

Multiple Choice

Which of the following are examples of transactional information?

• A) Airline ticket, sales receipts, and packing slips
• B) Trends and sales statistics
• C) Product sales results, grocery receipts, and growth projections
• D) Airline tickets and sales growth spreadsheets

---

Definitions:

Unfavorable Cost Variance

A variance that occurs when the actual cost exceeds the standard cost.

Favorable Cost Variance

A variance that occurs when the actual cost is less than standard cost.

Standard Cost

A predetermined cost of manufacturing, storing, and marketing a product, used for budgeting and performance evaluation.

Variances

Differences between planned or expected financial performances to the actual financial performance.