The Difference Between Actual Sales Volume and Budgeted Sales Volume

question 76

Multiple Choice

The difference between actual sales volume and budgeted sales volume has an effect on

• A)Price variance.
• B)Quantity variance.
• C)Both the price and the quantity variance.
• D)None of these ans choices are correct.

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Definitions:

Time Limit

A specific duration within which an action must be initiated or completed.

Mailbox Rule

A legal principle that an offer is considered accepted once the acceptance is dispatched, not when it is received by the offeror.

Verbal Acceptance

An agreement to the terms of an offer conveyed through spoken words rather than written.

Promissory Estoppel

A legal principle that prevents a promisor from retracting a promise when the promisee has relied on it to their detriment.