Answer the Following Questions Using the Information Below:
the Tornado

question 129

Multiple Choice

Answer the following questions using the information below:
The Tornado Dust Removers Corporation manufactures two vacuum cleaners,the Standard and the Supreme.The following information was gathered about the two products:
$$\begin{array} { l r r } & \text { Standard } & \text { Supreme } \\\text { Bud geted sales in urits } & 4000 & 1000 \\\text { Bud geted selling price } & \$ 300 & \$ 850 \\\text { Bud geted contribution margin per unit } & \$ 210 & \$ 550 \\\text { Actual sales in units } & 3500 & 1500 \\\text { Actual selling price } & \$ 325 & \$ 840\end{array}$$
-More insight into the sales-quantity variance can be gained by subdividing it into:

• A)the sales-mix variance and the sales-volume variance.
• B)the flexible-budget variance and the sales-volume variance.
• C)a cost hierarchy.
• D)the market-share variance and the market-size variance.

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Definitions:

Losses

The amounts of value, typically monetary, eroded in an investment or business operation.

Ties

Occurs when two or more elements in a dataset have the same value in the context of ranking or ordering.

Variable

A component, attribute, or aspect that has the potential to change or fluctuate.

Experimental Unit

The smallest unit or individual component to which a treatment or condition can be assigned in an experiment.