Answer the Following Questions Using the Information Below:
Bland Corporation

question 241

Multiple Choice

Answer the following questions using the information below:
Bland Corporation used the following data to evaluate their current operating system.The company sells items for $10 each and used a budgeted selling price of $10 per unit.
$$\begin{array} { l r r } & \text { Actual } & \text { Budgeted } \\\text { Units sold } & 184000 \text { units } & 180000 \text { units } \\\text { Variable costs } & \$ 901600 & \$ 864000 \\\text { Fixed costs } & \$ 190000 & \$ 200000\end{array}$$
-What is the static-budget variance of revenues?

• A)$40 000 favourable
• B)$4000 unfavourable
• C)$40 000 unfavourable
• D)$4000 favourable

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Definitions:

Background Checks

Procedures used to verify the personal, financial, and criminal records of individuals, typically used by employers during hiring processes.

Improper Diversion

Refers to the unauthorized or illegal redirection of resources, funds, or assets for purposes other than those intended.

Internal Control

Procedures and policies implemented by a firm to protect its assets, ensure accurate and reliable financial reporting, promote operational efficiency, and encourage adherence to laws and regulations.

Segregation of Duties

A principle in accounting and corporate governance that aims to reduce the risk of error and fraud by dividing responsibilities among different individuals or departments.