A company is analyzing its month-end results by comparing it to both static and flexible budgets. During the month, the actual fixed costs were lower than the expected fixed costs as per the static budget. This difference results in a(n) ________.
A) unfavorable flexible budget variance for fixed costs
B) favorable sales volume variance for fixed costs
C) favorable flexible budget variance for fixed costs
D) unfavorable sales volume variance for fixed costs
C) favorable flexible budget variance for fixed costs
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Which of the following is true about a contract?
A. It must be voluntarily entered into, and it is to perform a legal act. B. It must always be supported by consideration. C. It need not necessarily be an agreement. D. It need not necessarily be entered into by parties having capacity to contract.
In a monopolistic competition market structure, individual firms have almost no pricing power
Indicate whether the statement is true or false
Ryan invents a pen that digitally "remembers" what is written or drawn with it. To obtain a patent for the pen, Ryan does not have to show that it is
a. novel. b. marketable. c. useful. d. not obvious in light of current technology.
Mead, Nero, and Olen do business as Pipe & Stream Irrigation Services. After Mead's relationship to the firm ends, Nero and Olen agree to discontinue the business. This is
A. dissociation. B. dissolution. C. gross negligence. D. simple misconduct.