The Following Data Are for California Closets The Sales Activity Variance for Operating Income Is ________

question 3

Multiple Choice

The following data are for California Closets:
$\begin{array} { l }&&&\text { Flexible Budget for}\\&\text { Actual }&\text { Static Budget }&\text { Actual Sales activity }\\\text { Units }&18,000&16,000&18,000\\\text { Sales }&\$360,000&\$320,000&\$360,000\\ \text {Variable costs }&234,000&192,000&216,000\\\text { Contribution margin }&\$126,000&\$128,000&\$144,000\\\text { Fixed costs }&76,000&80,000&80,000\\\text { Operating income }&\$50,000&\$48,000&\$64,000\end{array}$

The sales activity variance for operating income is ________.

• A) $14,000 Favorable
• B) $14,000 Unfavorable
• C) $16,000 Favorable
• D) $16,000 Unfavorable

Understand the dynamics of social perception changes over time (e.g., recency effect).

Recognize the discrepancy between attitudes and behaviors and its psychological implications.

Understand the components of love in relationship dynamics.

Describe the principles of social perception in understanding and evaluating others.

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Definitions:

Bonds

Financial instruments representing a loan made by an investor to a borrower, typically corporate or governmental, where the issuer owes the holders a debt and is obliged to pay them interest and/or repay the principal at a later date, termed the maturity.

Issue Stock

This refers to the process by which a company offers new shares to investors or the public in order to raise capital.

NPV

Net Present Value, a method used in capital budgeting to evaluate the profitability of an investment or project by comparing the present value of cash inflows to the initial investment.

Today's Dollars

A term referring to the current value of money, taking into account inflation or deflation, to compare purchasing power over time.