The Total Variable Cost Flexible-Budget Variance for Any Given Period

question 107

Multiple Choice

The total variable cost flexible-budget variance for any given period:

• A) Is the difference between actual total variable cost incurred and master budgeted total variable cost.
• B) Is decomposable into sales-volume and sales-mix components.
• C) Is decomposable into production-volume and production-mix components.
• D) Can be broken down into flexible-budget variances for major costs such as materials, labor, variable overhead, and variable selling expenses.
• E) Is directly affected by the difference between actual sales volume and the sales volume embodied in the flexible budget.

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Definitions:

Hyperventilation

Rapid or deep breathing that exceeds the body's need for removal of carbon dioxide, often leading to decreased blood CO₂ levels and alkalosis.

Plasma Ph

The measure of acidity or alkalinity of the plasma, a component of blood.

Ventilation-Perfusion Coupling

The coordination between the flow of air into the lungs (ventilation) and the blood flow in the pulmonary capillaries (perfusion), crucial for efficient gas exchange.

Hering-Breuer Reflex

A physiological reflex that helps regulate the depth of breathing and prevents the overinflation of the lungs by signaling the respiratory center to inhibit inhalation.