Use the Information Below to Answer the Following Question(s)

question 47

Multiple Choice

Use the information below to answer the following question(s) .Special Tea Products (STP) has an exclusive contract with Tea Distributors.Two brands of Teas are imported, Strong and Mild, and sold to retail outlets.The monthly budget for the contract is based on a combination of last year's performance, a forecast of general industry sales, and the company's expected share of the Canadian market for imported Tea.The following information is provided for the month of May:
Budgeted fixed costs are $1,750.Actual fixed costs are $2,000.
-What is the STP total static-budget variance for revenues?

• A)$50 favourable
• B)$250 favourable
• C)$50 unfavourable
• D)$250 unfavourable
• E)$800 unfavourable

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Definitions:

Gold Standard Act

A U.S. law passed in 1900 that established gold as the sole basis for redeeming paper currency, effectively setting a monetary standard where the value of currency is defined in terms of gold.

Support of Business

Refers to policies or actions, typically by governments, intended to assist and promote the growth and success of the private sector.

Presidential Campaign

a series of coordinated activities, including public appearances and policy discussions, aimed at securing election to the presidency.

William McKinley

25th President of the United States, led during the Spanish-American War, assassinated in 1901.