The sales forecast directly affects many elements of the master budget. Which of the following would be least affected by short-term fluctuations in the sales forecasts?

Glendale Brands Company uses standard costs for its manufacturing division Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead costs included the following data:

Production volume 6,000 units Budgeted variable overhead costs $14,000 Budgeted direct labor hours (DLHr) 600 hours At the end of the year, actual data were as follows: Production volume 4,000 units Actual variable overhead costs $15,200 Actual direct labor hours (DLHr) 480 hours What is the variable overhead efficiency variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $1,866 F B) $1,866 U C) $2,534 F D) $2,534 U

Relative frequency probability is the number of events in the population that meets conditions multiplied by the total number in the population

Indicate whether the statement is true or false