Onyx Company Has Prepared a Static Budget at the Beginning

question 41

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: 2,000 units: Price: $50 per unit
Variable expense: $12 per unit: Fixed expenses: $25,000 per month
Operating income: $51,000
Actual results:
Sales volume: 1,800 units: Price: $58 per unit
Variable expense: $16 per unit: Fixed expenses: $35,000 per month
Operating income: $40,600
Calculate the sales volume variance for variable expenses.

• A)$2,970 U
• B)$2,400 F
• C)$3,800 U
• D)$3,960 F

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Definitions:

Freud

Refers to Sigmund Freud, an Austrian neurologist who founded psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Personal Conflicts

Internal struggles resulting from opposing or incompatible desires, drives, or impulses within oneself.

Psychosocial Development

A theory proposed by Erik Erikson, which suggests that an individual's personality develops through a series of stages, each characterized by a specific psychological challenge.

Self-restraint

The ability to control one's own emotions, desires, or actions, often seen as a form of self-discipline.