The static budget, at the beginning of the month, for Vintage Wine Company follows:
Static budget:
Sales volume: 2000 units; Sales price: $50.00 per unit
Variable costs: $13.00 per unit; Fixed costs: $25,500 per month
Operating income: $48,500
Actual results, at the end of the month, follows:
Actual results:
Sales volume: 1900 units; Sales price: $58.50 per unit
Variable costs: $16.00 per unit; Fixed costs: $34,300 per month
Operating income: $46,450
Calculate the flexible budget variance for variable costs.
A) $30,400 U
B) $1650 U
C) $5700 U
D) $24,700 F
C) $5700 U
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Retailers reduce their ________ by utilizing mystery shoppers to assess service quality.
A. responsiveness B. standards gap C. tangibility D. knowledge gap E. reliability
Unit fixed costs will be the same regardless of how many units are produced
Indicate whether the statement is true or false
Select the item thatBEST combines empathy, conciseness, and clarity
a. Justin, get this information for me now. b. I need this report by 10 a.m. tomorrow. c. This is important. Get the information for me as soon as you can. d. I'll need this report by 10 a.m. tomorrow. Please start on it now and let me know if you need help.
Charter Communications uses the order-call ratio to measure the performance of its salespeople. If, in the past year, a salesperson made $13 million in sales, called on 4,312 potential business customers (either by phone or in person), and got 1,216 orders, what was this sales rep's order-call ratio (to the nearest whole number percentage)?
A. 12 percent B. 355 percent C. 36 percent D. 28 percent E. 18 percent