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Thank you! The Favorable Sales-Mix Variance could be interpreted as meaning which of the following? a. The actual sales mix shifted toward the more-profitable policy
Thank you! The Favorable Sales-Mix Variance could be interpreted as meaning which of the following? a. The actual sales mix shifted toward the more-profitable policy types relative to the budgeted sales mix. b. The composite CM per policy for the budgeted sales mix exceeds that of the actual sale: mix. c. The original projections for the sales mix were prepared with in-adequate research therefore the budgeted sales mix was understated with respect to the proportions of the less-profitable policy types. d. Both A \& C Which of the following statements is False regarding the Un-Favorable Market Share Variance? a. An unfavourable market-share variance is influenced by economy-wide factors. b. An unfavorable market-share variance has operating implications. c. Remedies may include improved product attributes and better customer service. d. It could be explained by a competitor offering similar policies with identical coverage while charging lower premiums
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