Reference no: EM132537297

Question 1: If you add together the industry volume and market share variances, what do you get?

Select one:

a. Sales price variance

b. Sales volume variance

c. Zero

d. Nothing meaningful

Question 2: If you add together the sales volume variance, sales price variance, and all the cost variances, you get what?

Select one:

a. Difference between actual and budgeted profit

b. Actual profit

c. Budgeted profit

d. Zero

Question 3: The sales mix variance is worth calculating when the following conditions hold, with one exception. Identify the condition which is not relevant for the sales mix.

Select one:

a. The contribution margins are very different

b. The volumes are comparable

c. The products cannibalize each other

d. The products are demand complements

e. There are multiple products