Calculate the Marketing Expense Variance,if the Actual Marketing Expense and Marketing

question 18

Multiple Choice

Calculate the marketing expense variance,if the actual marketing expense and marketing expenses estimated in the plan are $98,000 and $80,000,respectively.The actual percentage of sales is 15%.

• A)$27,000
• B)$1,800
• C)$2,700
• D)$18,000
• E)$270,000

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Definitions:

Taft-Hartley Act

A United States federal law enacted in 1947 that restricts the activities and power of labor unions.

Union Shop Agreements

A labor agreement requiring all employees of a business to become union members within a specified period of time as a condition of employment.

Union Workers

Employees who are members of a labor union, an organization that represents their interests, particularly in negotiations for wages, working conditions, and benefits.

Negotiate Contract

The process of discussing terms and conditions between parties with the aim of reaching an agreement for a contract.