ACC120 Accounting Quiz 2 12/20/2017 Section Mildred-Elley NYC Metro Campus Instr

Question

ACC120 Accounting Quiz 2 12/20/2017 Section Mildred-Elley NYC Metro Campus Instructor: Hadley Benoit Please answer ALL questions. Choose the best answer for each question. s partial credit. The sales volume variance is the difference between the 10 P A) actual results and the expected results in the flexible budget for the act B) expected results in the flexible budget for the actual units sold and the C) static budget and actual amounts due to differences in sales price D) flexible budget and static budget due to differences in fixed costs 2) A company is analyzing its month-end results by comparing it to During the previous month, the actual sales price was higher than static hudget, This difference results in a(n) (10 Points)

Explanation / Answer

1 The sales volume variance is the difference between the expected results in the flexible budget for the actual units sold and static budget Option B is correct 2 The difference results in a favorable variance

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