Onyx Décor Company Has Prepared a Static Budget at the Beginning

question 174

Multiple Choice

Onyx Décor 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

Identify the reasons and benefits of outsourcing.

Acknowledge the increasing demand for environmentally friendly business practices.

Differentiate between sectors contributing to annual output in developed countries.

Understand the importance and examples of branding in marketing.

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Definitions:

Third World Liberation Front

A coalition of ethnic student groups that formed in the late 1960s in the United States to demand university curriculum reforms and the establishment of ethnic studies programs.

White Supremacy

An ideological belief that white people are superior to those of all other races, particularly the black race, and should therefore dominate society.

George Wallace

An American politician known for his pro-segregation stance and as the Governor of Alabama during a critical period of the civil rights movement.

Nonwhite Senators

Members of the United States Senate who are not of White European descent, highlighting diversity and representation in American politics.