The Static Budget,at the Beginning of the Month,for La Verne

question 129

Multiple Choice

The static budget,at the beginning of the month,for La Verne Company follows: Static budget:
Sales volume: 2100 units: Sales price: $56.00 per unit
Variable cost: $14.00 per unit: Fixed costs: $26,000 per month
Operating income: $62,200
Actual results,at the end of the month,follows:
Actual results:
Sales volume: 1800 units: Sales price: $59.00 per unit
Variable cost: $16.00 per unit: Fixed costs $35,000 per month
Operating income: $42,400
Calculate the sales volume variance for variable costs.

• A) $12,600 U
• B) $4200 F
• C) $300 U
• D) $12,600 F

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Definitions:

Phenotypic

Pertaining to the observable physical or biochemical characteristics of an organism as determined by both genetic makeup and environmental influences.

Heritability

Heritability is the proportion of observed differences in a particular trait among individuals within a population that is due to genetic differences.

Calculating Heritability

The process of estimating the proportion of variance in a population's trait which can be attributed to genetic factors.

Formula

An expression representing a relationship between variables, often used in mathematics, science, and technology to solve problems or predict outcomes.