The Difference Between Operating Profits in the Master Budget and Operating

question 133

Multiple Choice

The difference between operating profits in the master budget and operating profits in the flexible budget is called:

• A) sales activity variance.
• B) flexible budget variance.
• C) production volume variance.
• D) total operating profit variance.

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Definitions:

Socially Dividing Factor

An element that creates division within society, often leading to groups being separated or distinguished by differing values, beliefs, or socio-economic status.

Life Expectancy

The average period that an individual is expected to live, based on statistical averages of age, demographic factors, and health conditions.

Proximate Determinant

A factor that has a direct and immediate effect on a particular outcome or situation, often used in the context of biology and sociology.

Stature

The natural height of an individual in an upright position, often considered in contexts of health, nutrition, and genetics.