Neeb Corporation Manufactures and Sells a Single Product

question 73

Multiple Choice

Neeb Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the company budgeted for 7,000 units, but its actual level of activity was 7,040 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January:Data used in budgeting: Actual results for January:
The activity variance for selling and administrative expenses in January would be closest to:

• A) $446 U
• B) $16 U
• C) $446 F
• D) $16 F

Recognize the audiences for business plans and their expectations.

Identify and evaluate the elements crucial for the success of business plans in competitive environments.

Understand the relationship between business planning and organizational goals.

Grasp the importance of detail in financial projections within business plans.

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Definitions:

Cholecystectomy

Surgical removal of the gallbladder.

Cholelithiasis

Stones in the gallbladder.

Colitis

Inflammation of the inner lining of the colon, often causing discomfort and diarrhoea.

Incontinent

Unable to control the bladder or bowel.