The Total Variable Cost Flexible-Budget Variance Includes All the Following

question 112

Multiple Choice

The total variable cost flexible-budget variance includes all the following except:

• A) Direct materials variances.
• B) The Sales price variance.
• C) Variable selling and administrative expenses variances.
• D) Direct labor variances.
• E) Variable overhead variances.

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Definitions:

Income

Compensation acquired from job employment or the act of investing, usually in a regular pattern.

Price

The expected financial outlay, required, or dispensed in payment for something.

Claret

A red wine from Bordeaux, France, or a wine of similar character from elsewhere.

Demand Function

A mathematical representation of the relationship between the quantity demanded of a good and its determining factors, such as price and consumer income.