The budget for a given cost during a given period was $80,000. The actual cost for the period was $72,000. Considering these facts, the plant manager has done a better-than-expected job in controlling the cost if: (CPA adapted)
A. the cost is variable and actual production equals budgeted production.
B. the cost is a discretionary fixed cost and actual production equals budgeted production.
C. the cost is variable and actual production was 80% of budgeted production.
D. the cost is variable and actual production was 90% of budgeted production.
Answer: A
You might also like to view...
A perceptual map is used to compare consumer perceptions of each competitor's delivery against specific paired attributes.
Answer the following statement true (T) or false (F)
The difference in costs between two alternatives is referred to as:
a. relevant costs. b. irrelevant costs. c. differential costs. d. opportunity costs. e. None of the answers are correct.
Reminder advertising is most common in the maturity and decline stages of the product life cycle.
Answer the following statement true (T) or false (F)
______ are important to explore the multiple sides of an issue.
a. Arguments b. Classes c. Debates d. Speeches