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The static budget,at the beginning of the month,for Bob's Deep Sea Fishing Company follows: Static budget:
Sales volume: 2,000 units; Sales price: $50.00 per unit
Variable costs: $13.00 per unit; Fixed costs: $25,200 per month
Operating income: $48,800
Actual results,at the end of the month,follows:
Actual results:
Sales volume: 1,900 units; Sales price: $58.50 per unit
Variable costs: $16.5 per unit; Fixed costs: $33,400 per month
Operating income: $46,400
Calculate the flexible budget variance for operating income.
Sulfuric Acid
A highly corrosive strong mineral acid with molecular formula H2SO4, widely used in industry and as a laboratory reagent.
Elimination Product
A molecule resulting from the removal of atoms or groups from a reactant, typically involving the loss of a small molecule like water or hydrogen halide.
Major Organic Product
The primary product of a chemical reaction involving organic compounds which is formed in the greatest yield.
Reaction
An operation where substances combine, resulting in the creation of one or more new entities with differing physical and chemical properties.
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