The Formula (Budgeted Contribution Margin Based on Actual Units Sold

question 50

Multiple Choice

The formula (budgeted contribution margin based on actual units sold of all products at the budgeted mix) - (contribution margin in the static budget) which is based on budgeted units of all products to be sold at budgeted mix) is equal to the:

• A)sales-volume variance
• B)sales-mix variance
• C)sales-quantity variance
• D)Both A and B are correct.

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Definitions:

Sensorimotor Stage

Piaget’s term for the stage of infancy during which the process of adaptation consists largely of coordinating sensory perceptions and simple motor behaviors to acquire knowledge of the world.

Centration

The tendency, particularly seen in early childhood, to focus on one aspect of a situation while neglecting other important features.

Biased Reasoning

is a form of thinking where personal biases or preferences unfairly influence one's conclusions or decisions.

Sophisticated Understanding

A complex and refined comprehension of subjects, often requiring deep insight and a comprehensive grasp of nuanced concepts.