A favorable sales volume variance in variable costs suggests a(n) ________.
A) increase in number of actual units sold when compared to the expected number of units sold
B) decrease in number of actual units sold when compared to the expected number of units sold
C) increase in variable cost per unit
D) decrease in fixed costs
B) decrease in number of actual units sold when compared to the expected number of units sold
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Wean Corporation's budgeted balance sheet for the coming year shows total assets of $5,000,000 and total liabilities of $2,000,000 . Common stock and retained earnings make up the entire stockholders' equity section of the balance sheet. Common stock remains at its beginning balance of $1,500,000 . The projected net income for the year is $366,000 . The company pays no cash dividends. What is the
balance of retained earnings at the beginning of the budget period? a. $1,034,000 b. $1,134,000 c. $1,866,000 d. $1,500,000
Answer the following statements true (T) or false (F)
An argument supporting accounting regulation is that the production costs of mandatory reporting requirements may be small since most of the basic information is produced as a by-product of internal accounting systems.
Preparing a rebuttal to a speaker’s criticism is an example of which barrier to listening?
A. debate B. willingness C. internal and external noise D. detouring
The corporate strategy of ________ involves expanding the domain of an organization into supply channels and to distributors.
A. satisficing B. vertical integration C. benchmarking D. concentration E. horizontal integration