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When actual price is higher or lower than the standard price, then it is

A. Sales price variance

B. Sales volume variance

C. Sales mix variance

D. Sales quantity variance

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above