Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 5,900 units, but its actual level of activity was 5,940 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May:
Data used in budgeting:
Actual results for May:
-The revenue variance for May would be closest to:
Definitions:
Linear Programming
A mathematical method for determining a way to achieve the best outcome in a given mathematical model with linear relationships.
Constraints
Limitations or restrictions that affect the course of action in decision-making processes.
Optimal Solution
The most favorable or best outcome achievable within a given set of constraints or conditions.
Constraints
limitations or restrictions in a process, project, or system that affect its performance, output, or capability to achieve goals.
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