The Carolina Products Company has just completed a flexible budget analysis of 2nd quarter operating income, as shown here: 
Based on the above data, which of the following statements would be a correct interpretation of the sales volume variance for variable expenses?
Definitions:
Carrying Costs
Expenses incurred for holding inventory over a period, which can include financial costs, storage fees, and loss due to obsolescence.
Default Rate
The percentage of borrowers failing to make payments on their loans within a specific period.
Credit Policy
A set of guidelines that a company follows to determine the credit terms and limits for customers, impacting how credit is extended and collected.
Past Payment History
The record of an individual's or entity's past payments on all debts, used by lenders to gauge creditworthiness.
Q10: Which of the following statements about budgeting
Q28: Which of the following variances would be
Q31: Which of the following is a lagging
Q68: Billy Pierce invests $8,000 at the end
Q98: Decentralization increases the difficulty of achieving goal
Q113: If a company wishes to be a
Q121: What was the materials price variance?<br>A) $420
Q125: Which of the following pieces of information
Q125: Many companies use a balanced scorecard for
Q140: What was the fixed overhead budget variance?<br>A)