Answer the Following Questions Using the Information Below

question 85

Multiple Choice

Answer the following questions using the information below:

-In a 2-variance analysis the flexible-budget variance and the production-volume variance should be ________, respectively.

• A)$11,000 U; $110,000 U
• B)$41,000 U; $80,000 U
• C)$21,000 U; $100,000 U
• D)$121,000 U; Zero

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Definitions:

Essential Purpose

The main or critical reason for which something exists or is done, especially in a legal or contractual context.

Usage of Trade

A common practice or method of dealing recognized and accepted in a particular industry or trade.

Usage of Trade

Customary practices and standards within a particular industry or market that are considered legally binding in commercial transactions.

Exclusive Remedy

A sole solution or legal recourse available to a party under a contract in the event of a breach, often limiting other forms of legal action.