Another Name for the Total Operating-Income Variance for a Period

question 126

Multiple Choice

Another name for the total operating-income variance for a period is:

• A)Flexible-budget variance.
• B)Master (static)budget variance.
• C)Sales-volume variance.
• D)Production-volume variance.
• E)Sales-mix variance.

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Definitions:

Annually Compounded

The process where interest is added to the principal sum of a loan or deposit once a year.

Rate of Return

The increase or decrease in the value of an investment during a set timeframe, shown as a percentage of the investment's starting price.

Portfolio

A collection of investments held by an individual or institution, including stocks, bonds, real estate, and other assets.

Successive Years

Consecutive years following one after the other without interruption.