The actual variable cost per customer and variable cost per customer estimated in the plan are $3 and $8, respectively. The actual volume and the volume estimated in the plan are 30,000 units and 20,000 units, respectively
Calculate the cost variance.
A) $250,000
B) $100,000
C) -$100,000
D) -$150,000
E) $150,000
E
You might also like to view...
Which of the following is considered to be one of the three core abilities for a successful communicator?
A) Interpersonal communication B) Listening skills C) Presentation skills D) Communicating through leadership E) Group management
All of the following are true of the gross profit ratio except:
a. gross profit is a function of the markup percentage. b. the gross profit ratio is calculated by dividing gross margin by net sales. c. a revenue-related fraud scheme that overstates sales will result in an increase in this ratio. d. the gross profit ratio will increase if cost of goods sold is overstated.
What are the advantages and disadvantages of simulation models?
What will be an ideal response?
If a profit-oriented marketing manager doesn't know the exact shape of the firm's demand curve, marginal analysis
A. may be useful anyway because a profitable region usually surrounds the best price. B. suggests that the only sensible approach is to follow the market leader. C. is useless. D. will suggest the same price as break-even analysis. E. None of these answers is correct.