Global Engineering's actual operating income for the current year is $56,000. The flexible budget operating income for actual sales volume is $51,000, while the static budget operating income is $54,000. What is the sales volume variance for operating income?
A) $3000 favorable
B) $2000 unfavorable
C) $3000 unfavorable
D) $2000 favorable
C) $3000 unfavorable
Explanation: Sales volume variance for operating income = Flexible budget operating income - Static budget operating income
Sales volume variance for operating
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Which of the following is TRUE of Finished Goods Inventory?
A) Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold. B) Finished Goods Inventory is an account used by a merchandiser and includes completed goods that have not yet been sold. C) Finished Goods Inventory is an account used by service companies in lieu of raw materials inventory. D) Finished Goods Inventory is an account used by a manufacturer in lieu of raw materials inventory.
The decision concerning which assets to acquire to achieve an organization's objectives is an investing decision
Indicate whether the statement is true or false
The Built-Rite mowing company has been selling its lawnmowers to retail outlets for years. The company has decided it wants to tap into new markets, so it is looking to sell its mowing tractors to county institutions for mowing grass along public highways. If the county institutions purchase the Built-Rite mowers, it would be an example of
A. a new buy. B. a straight rebuy. C. a first buy. D. an institutional buy. E. a modified rebuy.
Batch-level costs do not vary with the number of units produced.
Answer the following statement true (T) or false (F)