At the End of 2009, SWP Prepared Its Master Budget

Multiple Choice

At the end of 2009, SWP prepared its master budget for 2010. Selected amounts from that budget, along with actual results for 2010, are presented below: The variance for cost of goods sold could be explained by

A) Actual sales being greater than the budget
B) Actual sales being less than the budget
C) Price discounts for purchasing in bulk
D) Decreases in raw material prices