The Ferguson Company Estimated That October Sales Would Be 100,000

question 78

Multiple Choice

The Ferguson Company estimated that October sales would be 100,000 units with an average selling price of $6.00.Actual sales for October were 105,000 units,and average selling price was $5.95. The sales volume variance was:

• A) $30,000 favorable.
• B) $30,000 unfavorable.
• C) $29,750 favorable.
• D) $29,750 unfavorable.

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Definitions:

Union Officers

Military leaders or officials in the Union army during the American Civil War.

Confederacy

A league or alliance, especially of states or groups. Historically, it also refers to the Confederate States of America, a collection of 11 southern states that seceded from the United States in 1860-1861.

Northern Officers

Military leaders from the Northern states of the United States, notably the Union side during the American Civil War, who held command positions.

Battle of Bull Run

The Battle of Bull Run refers to two significant battles during the American Civil War, known as the Battle of First Bull Run (or First Manassas) in 1861 and the Battle of Second Bull Run (or Second Manassas) in 1862, both named after a nearby creek in Virginia.