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:

RL Circuit

An electrical circuit composed of a resistor (R) and an inductor (L) connected together, used to study the behavior of circuits with resistance and inductive reactance.

Power Values

Quantitative measurements of energy consumption or generation in a system, typically expressed in watts (W) or a derivative unit.

Total Resistance

The overall resistance faced by the current in a circuit, which determines the amount of current flow for a given voltage.

Series RL Circuit

A circuit consisting of a resistor (R) and an inductor (L) connected in series, which opposes the flow of AC current due to its inductance.