Business Moved from Production Orientation to Sales Orientation Because of

question 130

Multiple Choice

Business moved from production orientation to sales orientation because of

• A) greater competition.
• B) overproduction.
• C) lower production costs.
• D) power of advertising.

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Definitions:

Price Variances

Differences between actual and expected or standard costs that are attributed to changes in the price of goods or services.

Quantity Variances

The difference between actual and standard quantities used in production, affecting cost management and budgeting.

Rate Variance

The difference between the actual rate paid for something and the standard or expected rate.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing of products or delivery of services.