By What Difference Is the Sales Price Variance Created

question 91

Multiple Choice

By what difference is the sales price variance created?

• A)a difference between actual and standard contribution margin
• B)a difference between actual and expected sales price
• C)a difference between expected and standard net income
• D)a difference between actual and expected sales volume

Understand the concept and importance of lifelong learning in enhancing knowledge and skills.

Identify the steps in the training cycle and their significance in employee development.

Recognize the importance of creating a conducive learning environment for employee performance enhancement.

Grasp the principles of needs assessment in the process of training and development.

---

Definitions:

Supply Curve

A visual chart that illustrates the connection between a good's price and the amount of it producers are ready to offer.

Aluminum

A silvery-white, lightweight metal, it's the most abundant metal in the Earth's crust and is used in a vast array of products from cans to airplanes.

Supply Curve

The supply curve is a graph showing the relationship between the price of a good and the amount of the good that suppliers are willing to sell.

Inputs

Resources used in the production process of goods and services, including labor, capital, and materials.