Onyx Company Has Prepared a Static Budget at the Beginning

question 145

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 Sales Revenue.

• A)$5,490 U
• B)$5,490 F
• C)$3,960 U
• D)$3,960 F

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Definitions:

Religion in Public Life

The role and impact of religious beliefs, practices, and institutions in the public sphere of society.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Eighth Amendment

A part of the United States Constitution that prohibits the federal government from imposing excessive bail, excessive fines, or cruel and unusual punishment.

Cruel and Unusual Punishment

Punishment prohibited by the Eighth Amendment to the U.S. Constitution, including torture or other forms of punishment too severe for the crime committed.