The Sales Volume Variance Arises Because the Number of Units

question 52

True/False

The sales volume variance arises because the number of units actually sold differs from the number of units expected to be sold according to the master budget.

---

Definitions:

Tabula Rasa

The idea that individuals are born without built-in mental content, and all knowledge comes from experience or perception.

Sensory Experiences

The immediate, direct experiences gained through the senses, including sight, smell, sound, taste, and touch.

John Locke

A 17th-century English philosopher known for his contributions to the Enlightenment and theories of the mind, identity, and knowledge.

Long-term Potentiation

A lasting increase in signal transmission between two neurons, thought to be a cellular mechanism underlying learning and memory.