Huang Consumer Products Has a Small Car Division That Operates

question 149

Multiple Choice

Huang Consumer Products has a small car division that operates as a profit center.Below is a partially completed responsibility report for the first quarter. Compute the percentage variance for the flexible budget variance for sales revenue.(Round your answer to two decimal places. )

• A)1.71% F
• B)1.71% U
• C)4.04% U
• D)4.04% F

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Definitions:

Inventory Turnover

A proportion indicating the frequency at which a company's stock is sold and replenished during a given timeframe.

Gross Profit Rate

A financial metric that indicates the percentage of revenue that exceeds the cost of goods sold, reflecting a company's operational efficiency.

Accounts Receivable Turnover

A financial metric indicating how many times a company collects its average accounts receivable balance in a period.

Price-earnings Ratio

A valuation metric used to measure a company's current share price relative to its per-share earnings.