Which of the following statements in false? * O O There will be a favorable cost volume if the units sold this year is less than the units sold last year. O There will be a favorable sales price variance if the sales price this year is higher than the sales price last year. O There will be an unfavorable cost price variance if the cost price this year is lower than the cost price last year. O There will be an unfavorable sales volume variance if the units sold this year is less than the units sold last yea

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following statements in false?
O There will be a favorable cost volume if the units sold this year is less than the units sold last year.
O There will be a favorable sales price variance if the sales price this year is higher than the sales price last year.
O There will be an unfavorable cost price variance if the cost price this year is lower than the cost price last year.
O There will be an unfavorable sales volume variance if the units sold this year is less than the units sold last year.
Transcribed Image Text:Which of the following statements in false? O There will be a favorable cost volume if the units sold this year is less than the units sold last year. O There will be a favorable sales price variance if the sales price this year is higher than the sales price last year. O There will be an unfavorable cost price variance if the cost price this year is lower than the cost price last year. O There will be an unfavorable sales volume variance if the units sold this year is less than the units sold last year.
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