A Favorable Sales Price Variance Means

question 54

Multiple Choice

A favorable sales price variance means

• A)The cost of products have decreased increasing the profit from the product.
• B)The actual selling price is greater than what was budgeted.
• C)The company has sold more products than was anticipated.
• D)The company sales price decreased causing more product to be sold

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Definitions:

Human Problems

Issues or challenges faced by individuals or societies that affect well-being or social functioning.

Potential Causal Relationship

A relationship between two variables where changes in one variable potentially cause changes in the other but have not been definitively proven.

Hypothesis

A hunch or prediction that certain variables are related in certain ways.

Incidence

The number of new cases of a disorder occurring in a population over a specific period of time.