Duo, Inc, Carries Two Products and Has the Following Year-End Income

question 40

Multiple Choice

Duo, Inc., carries two products and has the following year-end income statement (000s omitted) : The sales quantity variance that would complement the variance calculated in the previous question is:

• A) $480 favorable.
• B) $507 favorable.
• C) $560 favorable.
• D) $960 favorable.
• E) $1,040 favorable.

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Definitions:

Discrete Random Variable

A variable that can take on a finite or countably infinite number of values, representing outcomes of a random process.

Variance

The measure of dispersion that represents the average of the squared differences from the mean of a data set.

Oil Firm

A company involved in the exploration, production, refinement, or sale of oil and oil products, often playing a significant role in the energy sector.

Striking Oil

Discovering a significant and valuable amount of oil during drilling activities.