The Exhibit Below Reflects a Summary of Performance for a Single

question 23

Multiple Choice

The exhibit below reflects a summary of performance for a single item of a retail store's inventory for the month ended April 30: (CIA adapted) $\begin{array}{lccccccc}&&&&\text { Flexible }&&& \text { Static }\\&&\text { Actual } && \text { Budget } & &\text { Flexible } & \text { (Master) } \\&&\text { Results } && \text { Variances } && \text { Budget } & \text { Budget }\\\text { Sales (units) } & & 11,000 & & -0 & & 11,000 & 12,000 \\ \text { Revenue (sales) } & \$ & 208,000 &\text { \$ } & 12,000 \mathrm{U} & \$ & 220,000 & \$ 240,000 \\ \text { Variable costs } & & 121,000 & & 11,000 \mathrm{U} & & 110,000 & 120,000 \\\text { Contribution margin } & \text { \$ } & 87.000 & \text { \$ } & 23.000 \mathrm{U} & \text { \$ } & 110.000 & \$ 120.000 \\\text { Fixed costs } & & 72,000 & & -0 & & 72,000 & 72,000 \\ \text { Operating Income } & \$ & 15,000 &\text { \$ } & 23,000 \mathrm{U} & \$ & 38,000 & \$ 48,00 \\ \end{array}$ The sales activity variance is:

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Definitions:

Positive Meaning

The significance or value attributed to something that is considered beneficial, encouraging, or desirable.

Gratitude

Gratitude is the feeling of appreciation or thanks towards people, situations, or experiences that contribute positively to one’s life.

Negative Emotions

Feelings that are generally considered to be harmful or unpleasant, such as sadness, anger, and fear, which can impact mental health and relationships.

Hunger

The physical sensation or condition experienced due to the lack of food, often driving the need or desire to eat.