Answer the Following Questions Using the Information Below:
as Part

question 209

Multiple Choice

Answer the following questions using the information below:
As part of the budgeting process,Lillee's Petanque Company developed the following static budget for August.Lillee is in the process of preparing the flexible budget and understanding the results.The actual results are for the month of August.
$\begin{array}{lrlr}&\text { Actual } & \text { Flexible } & \text { Static } \\&\text { Results } & \text { Budget } & \text { Budget }\\\text { Sales volume (in units) } & 20000 &\underline{\quad\quad} & 25000 \\& & & \\\text { Sales revenues } & \$ 1000000 & \$ & \$ 1250000 \\\text { Variable costs } & \underline{512000} & \$ \underline{\quad\quad}& \underline{600000} \\& & & \\ \text { Contribution margin } & 488000 & \$ & 650000 \\& & &\\\text { Fixed costs } & 458000 & \$ \underline{\quad\quad}& 450000 \\\text { Operating profit } & \$ 30000 & \$ \underline{\quad\quad}& \$ 200000\end{array}$
-The flexible budget will report ________ for the fixed costs.

• A)$360 000
• B)$450 000
• C)$458 000
• D)$572 500

---

Definitions:

Move The Field

Refers to reallocating a field or column in a database or spreadsheet to a different location or position.

Default Value

A default value is a preset value automatically assigned to a software program's variable or field, used unless replaced by a user input.

Database Structure

The organization and method by which data is stored, managed, and retrieved in a database system.

Lookup Field

A field in a database or software application used to retrieve and display data from another table or list based on a key value.