The Static Budget,at the Beginning of the Month,for Singleton Company $\$ 70.00$

question 146

Multiple Choice

The static budget,at the beginning of the month,for Singleton Company follows: Static budget:
Sales volume: 1,000 units; Sales price: $\$ 70.00$ per unit
Variable costs: $\$ 32.00$ per unit; Fixed costs: $\$ 35,500$ per month
Operating income: $\$ 2,500$

Actual results, at the end of the month, follows:
Actual results:
Sales volume: 980 units; Sales price: $\$ 74.00$ per unit
Variable costs: $\$ 35.00$ per unit; Fixed costs: $\$ 33,300$ per month
Operating income: $\$ 4,920$

Calculate the flexible budget variance for fixed costs.

• A)$2,200 U
• B)$2,200 F
• C)$0
• D)$3,180 F

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Definitions:

Instruction A

Instruction A is not a specifically defined term in general contexts and may refer to the first or a particular instruction within a set in specific applications or systems.

Examine If Closed

A control system instruction or condition check to determine whether a circuit or valve is in its closed or off state.

Examine If Open

A control logic instruction used in PLC programming to check if a specific condition or input is false or "open" before executing subsequent instructions.

Output Energize

The process of activating an output device or circuit, thereby enabling it to perform its intended function, such as turning on a light or motor.