If Budgeted Profit Is $11,000, Favourable Variances Are $3,100 and Unfavourable

question 54

Multiple Choice

If budgeted profit is $11,000, favourable variances are $3,100 and unfavourable variances are $7,450, actual profit (loss) is:

• A)$21,550 profit.
• B)$15,350 profit.
• C)($450)loss.
• D)$6,650 profit.

---

Definitions:

Time Delay

The period between the initiation of an action or process and its effect or outcome, often seen in communication, signal processing, and transportation.

Live Video-conference

A real-time video communication session among two or more users located at different sites.

Intranet

A private network accessible only by an organization's members, employees, or others with authorization, used to share information, operational systems, or computing services within the organization.

Internet Protocol

A set of rules governing the format of data sent over the Internet or other networks.