The Following Data Are for Point Corporation The Total of the Flexible?budget Variances Is _____

question 46

Multiple Choice

The following data are for Point Corporation: $\begin{array}{ccc} && & \text { Flexible } \\&& & \text { Budget for } \\&& \text { Static } & \text { Actual Sales } \\&\text { Actual } &\text { Budget } & \text { Activity }\\\hline \text { Units } & {18,000}& \underline{16,000} & \underline{18,000} \\\text { Sales } & \$ 360,000 & \$ 320,000 & \$ 360,000 \\\text { Variable costs } & 234,000 & 192,000 & 216,000\\\text { Contribution margin } & \$ \overline{126,000} & \$ \overline{128,000} & \$ 144,000 \\\text { Fixed costs } & \underline{76,000} & \underline{80,000} & \underline{80,000} \\\text { Operating income } & \$ 50,000 & \$ 48,000 & \$ 64,000\end{array}$ The total of the flexible?budget variances is _____.

• A)$14,000 favorable
• B)$14,000 unfavorable
• C)$2,000 favorable
• D)$2,000 unfavorable

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Definitions:

Social Conventional

Refers to rules or norms that govern behaviors within a society, including manners, etiquette, and social rituals, which can vary between cultures.

Social-information Processing

The analysis and interpretation of social cues and information to understand and respond to social interactions.

Negotiating

The act of discussing to reach an agreement or compromise between parties with different views or objectives.

Overestimate

Involves estimating a value or number to be higher than it actually is, often due to bias or misinformation.