Which of the following statements is false? * . The sum of the sales price variance and sales volume variance is equal to the sales variance. The sum of sale mix variance and net gross profit volume variance is equal to the final sales volume variance The sum of the cost price variance and cost volume variance is equal to the cost of sales variance. O The sum of the cost factor and price-quantity factor is equal to the cost price variance. O The sum of the price factor and price-quantity factor is equal to the sales price variance.

Which of the following statements is false? * . The sum of the sales price variance and sales volume variance is equal to the sales variance. The sum of sale mix variance and net gross profit volume variance is equal to the final sales volume variance The sum of the cost price variance and cost volume variance is equal to the cost of sales variance. O The sum of the cost factor and price-quantity factor is equal to the cost price variance. O The sum of the price factor and price-quantity factor is equal to the sales price variance.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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