. (Units sold − budgeted sales units) × (Budgeted contribution margin per unit) equals:
Sales-mix variance.
Sales quantity variance.
Sales volume variance.
Market size variance.
Flexible budget variance.
2. The market share of a firm is a function of:
Competitive environment and total sales.
Total sales and core competencies.
Products offered and competitive environment.
Core competencies and competitive environment.
Total sales and products offered.
3. What is operational productivity?
The steps in an organization that guide production processes.
The ratio of output to the dollar amount of one or more input factors.
A productivity measure that focuses only on the relationship between one of the inputs and the output attained.
The ratio of output units to the number of units of an input factor.
A productivity measure that includes all input resources in computing the ratio of the output attained to the input resources consumed.
4. Market size variance is:
A comparison of the firm’s actual market share to its budgeted market share.
The relative proportion in which a company’s market share grows.
A measure of the effect of changes in the total market size on the firm’s total contribution margin.
The number of units sold in the industry and the number of units budgeted to be sold.
The product of the difference between the actual and budgeted sales mix multiplied by the market size.