The Budget for a Given Cost During a Given Period

question 2

Multiple Choice

The budget for a given cost during a given period was $80,000. The actual cost for the period was $72,000. Considering these facts, the plant manager has done a better-than-expected job in controlling the cost if: (CPA adapted)

• A) the cost is variable and actual production was 90% of budgeted production.
• B) the cost is variable and actual production equals budgeted production.
• C) the cost is variable and actual production was 80% of budgeted production.
• D) the cost is a discretionary fixed cost and actual production equals budgeted production.

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Definitions:

Increase Helping

Suggests strategies or approaches aimed at enhancing the willingness or frequency of individuals to provide assistance to others in need.

Group Project

A collaborative assignment or task undertaken by multiple individuals, often with the aim of achieving a common goal or project.

Greedy

Having or showing an intense and selfish desire for something, especially wealth or power, beyond one's needs.

Empathy

The capacity to comprehend and empathize with someone else's emotions.