Onyx Company Prepared a Static Budget at the Beginning of the Month

question 55

Multiple Choice

Onyx Company prepared a static budget at the beginning of the month. At the end of the month, the company is analyzing actual results versus budget using flexible budget methodology. Data are as follows: Based on the above data, how much was the sales volume variance for operating income?

• A)$2,970 U
• B)$5,490 F
• C)$380 U
• D)$5,110 F

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Definitions:

Lewin Change Model

A management theory developed by Kurt Lewin, proposing that organizational change involves unfreezing existing behaviors, changing, and refreezing them to new patterns.

OD

Typically refers to Organizational Development, a field of research, theory, and practice dedicated to expanding the knowledge and effectiveness of people to accomplish more successful organizational change and performance.

Tool For Empowerment

A resource, technique, or strategy used to increase an individual's or group's power and control over their own circumstances.

Current Criticism

Present-day evaluation or analysis of a work, idea, or system, often focusing on its faults and merits.