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

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

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