Based on the Information Given for a Variance, Indicate Whether

question 86

Short Answer

Based on the information given for a variance, indicate whether the variance is favorable or unfavorable. $$\begin{array} { | l | l | l | l | } \hline \text { Item to classify } & \text { Static budget } & \text { Actual } & \begin{array} { l } \text { Variance - Favorable or } \\\text { Unfavorable? }\end{array} \\\hline \text { Sales volume } & 100,000 \text { units } & 96,000 \text { units } & \\\hline\end{array}$$

---

Definitions:

American Citizens

Individuals who have citizenship status in the United States of America, granting them specific rights, privileges, and responsibilities under U.S. law.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, allowing for the conversion of currency into a specified amount of gold.

Mythic "Wild" West

A romanticized and exaggerated portrayal of the American West during the late 19th century, emphasizing adventure, lawlessness, and individualism.

Second Industrial Revolution

A phase of rapid industrialization in the late 19th and early 20th centuries, marked by advancements in steel production, electricity, and transportation.