purposes.
Question 8. Question : The difference between the total actual
sales revenue of a period
and the total flexible-budget sales revenue for the units sold
during
the period is the:
Student Answer:
Total flexible-budget variance.
Sales volume variance.
Selling price variance.
Operating income flexible-budget variance.
Operating income variance.
Question 9. Question : Which of the following is not a
plausible cause of a systematic
variance?
Student Answer:
Prediction error.
Modeling error.
Implementation error.
Measurement error.
Random error