Onyx Company Has Prepared a Static Budget at the Beginning

question 173

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 operating income.

• A)$2,970 U
• B)$5,490 F
• C)$7,600 U
• D)$5,110 F

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Definitions:

Stratification System

The hierarchical arrangement of society into different classes, castes, or social groups, based on factors like wealth, occupation, or race.

Cults

Small groups of people deeply committed to a religious vision that rejects mainstream culture and society.

College Educated

A college-educated individual has completed a program of study at a college or university, earning an associate, bachelor’s, or higher degree.

Religious Organization

An institution that is structured around a shared faith or belief system, often engaging in worship services, religious education, and community outreach.