Given the Following Data, Calculate Total Profit Variance A)$2,000 Favorable

question 49

Multiple Choice

Given the following data, calculate total profit variance. $$\begin{array} { l l l } & \text { Master Budget } & \text { Actual Results } \\\text { Revenue } & \$ 73,000 & \$ 75,000 \\\text { Variable costs } & \$ 23,000 & \$ 20,000 \\\text { Contribution marg in } & \$ 50,000 & \$ 55,000 \\\text { Fixed costs } & \$ 15,000 & \$ 10,000 \\\text { Profit before taxes } & \$ 35,000 & \$ 45,000\end{array}$$

• A)$2,000 Favorable.
• B)$2,000 Unfavorable.
• C)$10,000 Unfavorable.
• D)$10,000 Favorable.
• E)$5,000 Favorable.

Recognize ethical considerations in psychological research.

Understand the significance of open practices in research for transparency.

Understand what constitutes an independent variable within an experiment context.

Recognize the challenges and limitations of using experimental methods in personality psychology.

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