Calculate the Correct Variances from the Following: Budgeted Sales $78

question 4

Multiple Choice

Calculate the correct variances from the following: budgeted sales $78 000; actual sales $83 000; actual direct labour $36 000; budgeted direct labour $40 000.

• A) Sales variance $5000 U: direct labour variance $4000 F
• B) Sales variance $5000 F: direct labour variance $4000 F
• C) Sales variance $5000 F: direct labour variance $4000 U
• D) Sales variance $5000 U: direct labour variance $4000 U

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Definitions:

Socialization

The process by which individuals learn and adopt the norms, values, behavior, and social skills appropriate to their society.

Assimilation

The process by which individuals or groups adopt the culture, customs, and attitudes of another group, losing their original identity.

Residentially Mobile

Refers to individuals or populations that frequently relocate from one dwelling place or community to another.

Collectivistic

A social pattern that emphasizes interdependence and the priorities of the group over individual achievements.