Use the Following Information for the Next 7 Questions

question 45

Multiple Choice

Use the following information for the next 7 questions.
A small accounting firm budgets 200 hours of billings for the next month, and 60% of these hours are expected to be for tax return preparation services, with the remaining 40% for bookkeeping services. Tax work is billed at $50 per hour, and bookkeeping work is billed at $40 per hour. The variable costs for both types of services are $10 per hour. During the month 180 hours were billed, 90 of which were for tax work.
-(Appendix 11A) The contribution margin variance was

• A) $720 unfavorable
• B) $540 favorable
• C) $0
• D) $1,200 unfavorable

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Definitions:

Common Goals

Shared objectives or aims that unite a group or team, fostering collaboration and driving collective effort towards achieving these targets.

Mutual Purpose

A shared goal or interest among individuals or groups, creating a foundation for cooperative and collaborative efforts.

Similar Personalities

Individuals who exhibit comparable traits, behaviors, and characteristics.

Extrinsic Motivation

A type of motivation driven by external rewards, such as money, fame, grades, and praise, rather than internal factors like personal satisfaction or enjoyment of the task.