The Static Budget Variance for Materials Is $200 F and the Budgeted

question 80

Multiple Choice

The static budget variance for materials is $200 F and the budgeted cost for materials is $52,000.If the budgeted volume is 13,000 and the actual volume is 13,500,what is the flexible budget variance?

• A)$1,800 F
• B)$2,000 F
• C)$2,200 F
• D)$3,000 F

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Definitions:

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities.

Owner Investments

Funds or assets introduced by the owner(s) into the business to provide financial resources for operations or expansion.

Revenues

The total income generated from sales of goods or services before any expenses are deducted.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest of shareholders or proprietors.