The _________________ Variance Is the Difference Between the Number of Units

question 162

Multiple Choice

The _________________ variance is the difference between the number of units actually sold and the volume of sales originally planned for.

• A)materials price
• B)flexible budget
• C)sales volume
• D)labor efficiency

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Definitions:

Production Jobs

Tasks or operations involved in the creation or manufacturing of goods.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain these activities.

Materials Ledger

A detailed record that tracks the quantity and value of materials on hand in an organization.

General Ledger

A comprehensive accounting record of all transactions that have occurred in a business over a period of time.