McGrath's Produces and Sells Two Types of T-Shirts-Fancy and Plain

question 85

Essay

McGrath's produces and sells two types of t-shirts-Fancy and Plain.The company provides the following data:
$\begin{array}{lll}& \text { Budget } & \text { Actual } \\\text { Unit sales price -Fancy } & \$ 24 & \$ 25 \\\text { Unit sales price - Plain } & \$ 18 & \$ 17 \\\text { Unit sales - Fancy } & 1,300 & 1,250 \\\text { Unit sales - Plain } & 900 & 875\end{array}$ Compute the flexible budget variance for Fancy t-shirts for sales revenue.

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Definitions:

Semilunar

Shaped like a half-moon or crescent; often used to describe certain valves or cartilages in the human body that have a crescent shape.

Half

Refers to one of two equal parts into which something is or can be divided.

Centi-

A prefix denoting a factor of one hundredth (1/100) in the metric system.

One Hundredth

A fractional unit that is one part of a hundred, commonly expressed as 1/100.