Milltown Company sells used cars. During the month, the dealership sold 22 cars at an average price of $15,000 each. The budget for the month was to sell 20 cars at an average price of $16,000. Compute the dealership's total sales variance for the month.
A. $32,000 favorable.
B. $22,000 unfavorable.
C. $32,000 unfavorable.
D. $22,000 favorable.
E. $10,000 favorable.
Answer: E
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Tomo, Inc. has prepared its third quarter budget and provided the following data:
A) $7558
B) $(7442)
C) $47,600
D) $15,000
Sheila has witnessed an incidence of ethical misconduct and can only internally frame it in terms of anticipated negative outcomes. What kind of question is she probably asking herself?
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What is a potential disadvantage of using ROI as a performance measure for management?
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What will be an ideal response?