Onyx Company Has Prepared a Static Budget at the Beginning

question 50

Multiple Choice

Onyx Company has prepared a static budget at the beginning of the month. At the end of the month, the following information has been retrieved from the records. Static budget:
Sales volume: 1,000 units: Price: $70 per unit
Variable expense: $32 per unit: Fixed expenses: $37,500 per month
Operating income: $500
Actual results:
Sales volume: 990 units: Price: $74 per unit
Variable expense: $35 per unit: Fixed expenses: $33,000 per month
Operating income: $5,610
Calculate the flexible budget variance for fixed expenses.

• A)$4,500 U
• B)$4,500 F
• C)$0
• D)$5,490 F

Detail the reasons individuals join interest groups, including material, ideological, and solidary incentives.

Examine trends in unionization and the factors affecting these trends.

Analyze the influence of interest groups on democracy and policy-making, including the elite theory perspective.

Recognize the significance of lobbyists and the strategies interest groups employ in influencing government policy.

---

Definitions:

Efficiency

The ability to achieve maximum productivity with minimum wasted effort or expense, often focusing on optimizing processes and resource use.

Coordinating Tasks

The organization and alignment of activities and efforts of a group or team to achieve a common goal or objective.

Virtual Organizations

An organization that uses technology to allow people and groups to work together despite being in different physical locations.

Behavioral Incentives

Rewards or punishments designed to influence and modify the behavior of individuals or groups.