Top Half Produces and Sells Two Types of T-Shirts-Fancy and Plain

question 129

Essay

Top Half produces and sells two types of t-shirts-Fancy and Plain. The company provides the following data:
$$\begin{array} { l l l } & \text { Budget } & \text { Actual } \\\text { Unit sales price - Fancy } & \$ 24 & \$ 25 \\\text { Unit sales price - Plain } & \$ 18 & \$ 17 \\\text { Unit sales - Fancy } & 1,300 & 1,250 \\\text { Unit sales - Plain } & 9 0 0 & 8 7 5 \end{array}$$ Compute the flexible budget variance for Fancy t-shirts for sales revenue.

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Definitions:

Value Decrease

A reduction in the worth or market value of an asset or investment over time.

American Call Option

A type of call option that can be exercised at any time before its expiration date, allowing the holder to buy the underlying asset at the specified strike price.

Exercise Price

The specified price at which the option holder can buy (call option) or sell (put option) the underlying asset or security when exercising their option.

Value Increase

The rise in the worth or market value of an asset or investment over time.