The Difference Between the Actual Operating Income of the Period

question 113

Multiple Choice

The difference between the actual operating income of the period and master budget operating income for the period is defined as the:

• A) Total flexible-budget variance.
• B) Sales volume variance.
• C) Sales price variance.
• D) Operating income flexible-budget variance.
• E) Total operating income variance.

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Definitions:

Personal Transportation

Means of moving individuals primarily designed for personal use, such as cars, bicycles, or scooters.

Negative Premise

A statement in a logical argument that denies something, either partially or completely.

Negative Conclusion

A conclusion that denies the truth of a statement or proposition, often found in logical arguments and deductive reasoning.

Validity

The quality of being logically or factually sound; in logic, refers specifically to arguments where the conclusion necessarily follows from the premises.