Answer the Following Questions Using the Information Below:
Some of Bondi

question 117

Multiple Choice

Answer the following questions using the information below:
Some of Bondi Appliances financial data has been misplaced.Use the following information to replace the lost data:
$\begin{array}{|c|c|c|c|c|c|}\hline &\text { Actual } & \text { Flexible-Budget } & \text { Flexible } & \text { Sales-Volume } & \text { Static } \\&\text { Results } & \text { Variances } & \text { Budget } & \text { Variances } & \text { Budget }\\\hline \text { Units sold } & 225000 & & 225000 & & 206250 \\\hline \text { Revenues } & \$ 84160 & \$ 2000 \mathrm{~F} & \text { (A) } & \$ 2800 \mathrm{U} & (B) \\\hline \begin{array}{l}\text { Variable } \\\text {costs }\end{array} & \text { (C) } & \$ 400 \mathrm{U} & \$ 31720 & \$ 4680 \mathrm{~F} & \$ 36400 \\\hline \text { Fixed costs } & \$ 16560 & \$ 1720 \mathrm{~F} & \$ 18280 & 0 & \$ 18 280\\\hline \begin{array}{l}\text { Operating } \\\text { profit }\end{array} & \$ 354 & \text { (D) } & 332160 & \text { (E) } & \$20280\\\hline\end{array}$

-What amounts are reported for revenues in the flexible budget (A) and the static budget (B) ,respectively?

• A)$84 960;$88 960
• B)$84 960;$83 360
• C)$82 160;$84 960
• D)$82 160;$79 360

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Definitions:

Discouraged Workers

Individuals who are not actively looking for employment because they believe no jobs are available for them.

Unemployment Insurance

is a government program that provides temporary financial assistance to eligible workers who are unemployed through no fault of their own.

Misery Index

The misery index is an economic indicator created by adding the unemployment rate to the inflation rate, designed to measure the health of an economy.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a reference rate for various types of loans.