The Following Static Budget Is Provided: What Will Be

question 110

Multiple Choice

The following static budget is provided: What will be the overall volume variance if 12,000 units are produced and sold?

• A) $80,000 F
• B) $80,000 U
• C) $60,000 U
• D) $160,000 U

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Definitions:

Liabilities

Liabilities or monetary duties a firm has towards outside entities.

Revenues

The overall income earned from transactions of goods or services central to a business's core functions.

Operating Revenues

The income earned from a company's main business operations, excluding income from investments or secondary sources.

Operating Expenses

The costs associated with the normal operations of a business, excluding costs related to producing goods or services, like rent, utilities, and salaries.