The Sales-Quantity Variance Arises Because

question 53

Multiple Choice

The sales-quantity variance arises because

• A)the mix of individual products actually sold differs from the budgeted mix.
• B)the total quantity of units actually sold differs from the static budget.
• C)the total quantity of units expected to be sold differs from the static budget.
• D)the mix of budgeted products sold differs from the actual product mix.
• E)the budgeted sales in units cannot be achieved unless the price is decreased.

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Definitions:

Obtained Value

The actual result or score achieved from conducting a test or measurement.

Dependent-Sample T Test

A statistical procedure used to compare the means of two related groups to determine if there is a statistically significant difference between them.

Null Hypothesis

A statistical hypothesis asserting that there is no significant difference or effect.

Critical Value

A threshold value used in hypothesis testing, which the test statistic must exceed in order to reject the null hypothesis.