The Difference Between Operating Income on a Flexible Budget and Actual

question 59

Multiple Choice

The difference between operating income on a flexible budget and actual operating income is called the:

• A) sales price variance.
• B) efficiency variance.
• C) standard variance.
• D) flexible budget variance.

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Definitions:

Least Common

The smallest or rarest occurrence or item in a given set or category.

Anti-D Serum

An immunoglobulin given to prevent Rh incompatibility reactions, often used in pregnancy.

Rh Antigens

Proteins present on the surface of red blood cells that determine an individual's Rh blood group, critical in blood transfusion compatibility.

Agglutinogens

Antigens on the surfaces of red blood cells that determine blood types and can cause agglutination.