Which of the Following Amounts of a Flexible Budget Remains

question 201

Multiple Choice

Which of the following amounts of a flexible budget remains constant,within the specified relevant range,when the sales volume changes?

• A) total contribution margin
• B) total fixed costs
• C) total variable costs
• D) total sales revenue

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Definitions:

Null Hypothesis

A statement or assumption that there is no significant difference or effect, serving as the default or starting assumption in statistical hypothesis testing.

ANOVA

Short for Analysis of Variance, a statistical method used to compare the means of three or more samples to find if at least one sample mean is significantly different from the others.

Statistical Technique

Methods of collecting, analyzing, interpreting, and presenting data in order to make more informed decisions.

One-Sample Tests

Statistical tests used to determine if the sample mean of data differs significantly from a known or hypothesized population mean.