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:

Phi

A measure of association for two binary variables, reflecting the strength and direction of their relationship.

Nominal-Level

Pertains to data classification into non-numeric categories that cannot be logically ordered or ranked.

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other variable.

Increases

A rise in magnitude, quantity, or value of something.