At the End of 2019, Dubai Mission Prepared Its Master

question 70

Multiple Choice

At the end of 2019, Dubai Mission prepared its master budget for 2020. Selected amounts from that budget, along with actual results for 2020, are presented below: $$\begin{array} { l r r } & \underline { \text { Budgeted } } & \underline { \text { Actual } } \\\text { Sales } & \$ 180,000 & \$ 210,000 \\\text { Research and development cost } & 25,000 & 20,000 \\\text { Interest revenue } & 7,600 & 7,000 \\\text { Cost of goods sold } & 60,000 & 65,000 \\\text { Marketing costs } & 45,000 & 45,000\end{array}$$ Which items in the table have unfavourable variances?

• A) Marketing expense and cost of goods sold
• B) Cost of goods sold and sales
• C) Sales and research and development expense
• D) Interest revenue and cost of goods sold

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Definitions:

State Attorneys General

Chief legal officers of their respective states, responsible for representing the public interest and enforcing the law.

Consumer Protection

Laws and measures designed to safeguard buyers of goods and services against unfair practices in the marketplace.

Point Source Pollution

Pollution that originates from a single, identifiable source or location, such as a pipe, ditch, ship, or factory smokestack.

Nonpoint Source Pollution

Pollution that does not originate from a single, identifiable source, but rather comes from many diffuse sources, such as agricultural runoff or automobile exhaust.