An Operating Statement Indicates That $64,751 Was Budgeted for Supplies

question 13

Multiple Choice

An operating statement indicates that $64,751 was budgeted for supplies and that $66,250 was actually spent. Calculate the percent variance.

• A) 12.3%
• B) 1.23%
• C) .23%
• D) 2.3%

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Definitions:

Specialty

Goods or services that are distinguished by a specific feature, quality, or characteristic, catering to a niche market.

Unsought Product

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A piece of land in a cemetery owned by an individual or family for the purpose of burying deceased members.

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Involves obtaining permissions to use copyrighted material, such as music, movies, or characters, for various forms of media or merchandise.