The static budget, at the beginning of the month, for Jabari Company follows:
Static budget:
Sales volume: 2100 units; Sales price: $52.00 per unit
Variable costs: $12.00 per unit; Fixed costs: $26,500 per month
Operating income: $57,500
Actual results, at the end of the month, follows:
Actual results:
Sales volume: 1900 units; Sales price: $58.00 per unit
Variable costs: $17.00 per unit; Fixed cost: $37,000 per month
Operating income: $40,900
Calculate the sales volume variance for operating income.
A) $8600 U
B) $200 F
C) $8000 U
D) $8000 F
C) $8000 U
Explanation:
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Ibis Paper Company prepared the following static budget for November:
If a flexible budget is prepared at a volume of 13,300 units, calculate the operating income. The production level is within the relevant range.
A) $172,900
B) $156,000
C) $143,000
D) $159,900
Answer the following statements true (T) or false (F)
1. Price uncertainty is one of the uncertainties in capacity planning. 2. Pratt offered various financial incentives for completing on time, as well as financial and legal penalties for not completing on time, to address concerns about on-time delivery. 3. A requirement for effective strategic capacity planning is to have one contract that governs different supply chain partners. 4. The advantage of outsourcing is the opportunity for the primary firm to avoid responsibility for product failure due to outsourced production.
The reference group known as a secondary group includes people with whom one has frequent contact.
Answer the following statement true (T) or false (F)
Regardless of the population of a state, each will be represented by_________U.S. Senators
Fill in the blank(s) with correct word