The Sales-Mix Variance Will Be Favorable When ________

question 141

Multiple Choice

The sales-mix variance will be favorable when ________.

• A) the actual contribution margin is greater than the static-budget contribution margin
• B) actual unit sales are more than budgeted unit sales
• C) the actual sales mix shifts toward the less profitable units
• D) the budgeted contribution margin for actual sales mix is greater than for the budgeted mix

Comprehend the role of environmental scanning in strategic planning.

Understand the ideological differences and contributions of key figures and movements in the Progressive Era, including W.E.B. Du Bois, Booker T. Washington, and the feminist movement.

Recognize the impact of World War I on domestic policies and societal changes, including the suffrage movement and labor reforms.

Identify the roles and objectives of reformers, clubs, and organizations in promoting social, political, and economic reforms during the Progressive Era.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels within a business.

Volume Variance

The difference between the expected volume of production or sales and the actual volume, affecting budget and performance analysis.

Fixed Overhead

Fixed overhead refers to the indirect costs of production that remain constant regardless of the level of output, such as rent, salaries, and insurance.

Machine Hour

A measure of the operating time of a machine, used in costing to allocate expenses based on machine use.