Answer the Following Questions Using the Information Below

question 147

Multiple Choice

Answer the following questions using the information below:
These questions refer to flexible-budget variance formulas with the following descriptions for the variables: A = Actual; B = Budgeted; P = Price; Q = Quantity.
-The best label for the formula [(AP) (AQ) - (BP) (AQ) ] is the:

• A)efficiency variance
• B)price variance
• C)total flexible-budget variance
• D)spending variance

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Definitions:

Macro Dialog Box

A user interface element that prompts users to input or confirm information when executing a macro, which is a set of automated commands in software applications.

Workbook

A file containing one or more spreadsheets, used in programs like Microsoft Excel for organizing data.

Macros

Automated sequences of computer commands or scripts designed to simplify repetitive tasks within software applications.

Encrypt

Changing information or data into a coded format specifically to protect against unauthorized access.