The Vermont Company has requested a performance report that reports both sales activity variances and flexible budget variances. The following table of information is provided:
Required:Compute and enter variances in columns 3 and 6. In column 3, enter the variance (difference) between column 2 and column 5; in column 4, label the variance as favorable (F) or unfavorable (U). In column 6, enter the variance between columns 5 and 8, and in column 7 indicate whether this variance is favorable or unfavorable.Which column contains sales volume variances and which column contains flexible budget variances?Comment on this company's performance.
Definitions:
Apprehension
The fear or anticipation of future difficulty or trouble; in legal contexts, can also refer to the act of arresting someone.
Tort of Assault
A legal claim for harm caused by intentionally placing another person in fear of imminent physical harm or offensive contact.
Intentional Tort
A civil wrong resulting from an intentional act committed on the person, property, or economic interest of another. Intentional torts include assault, battery, conversion, false imprisonment, intentional infliction of emotional distress, trespass to land, and trespass to chattels.
Negligence
A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, often resulting in harm or damage.
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