Which Term Below Is Best Paired with "Arises When Actual

question 76

Multiple Choice

Which term below is best paired with "arises when actual sales volume differs from expected sales volume"?

• A) Static budget variance
• B) Standard budget
• C) Overhead flexible budget variance
• D) Sales volume variance

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Definitions:

Further Process

The subsequent operations or steps taken to enhance or complete the production of goods.

Variable Cost Concept

The variable cost concept implies costs that vary directly with the level of production or sales volume, such as materials and labor.

Markup

The amount added to the cost price of goods to cover overhead and profit when determining the selling price.

Total Cost Concept

An approach that takes into account all costs associated with the production and distribution of goods or services.