Answer the Following Questions Using the Information Below

question 178

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 (AQ - BQ) BP is the:

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

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Definitions:

Alternation of Generations

A reproductive cycle found in certain plants and algae, involving a sequential occurrence of two distinct forms, one haploid and the other diploid, each giving rise to the other.

Zygote

Diploid cell formed by the union of two gametes; the product of fertilization.

Gametophyte

The sexual phase in the life cycle of plants and algae that produces gametes, typically through mitosis.

Spores

Asexual reproductive or resting cells capable of developing into a new organism without fusion with another cell, often seen in bacteria, fungi, and plants.