The Sales-Quantity Variance Results from a Difference Between ________

question 112

Multiple Choice

The sales-quantity variance results from a difference between ________.

• A) the actual sales mix and the budgeted sales mix
• B) the actual quantity of units sold and the budgeted quantity of unit sales in the static budget
• C) actual contribution margin and the budgeted contribution margin
• D) actual market size in units and the budgeted market size in units

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Definitions:

Physical Inventory

A process where a business physically counts its entire inventory to ensure the accuracy of its records and control its stock levels.

End of the Period

Refers to the conclusion of a reporting timeframe in accounting, such as the end of a fiscal quarter or year, when various calculations and adjustments are made.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.