Marsh,IncProvides the Following Information Calculate the Sales Volume Variance

question 154

Multiple Choice

Marsh,Inc.provides the following information: $$\begin{array} { | l | l | l | l | c | } \hline & \text { Actual Sales } & \text { Static Budget } & \text { Flexible Budget } & \text { Sales Volume Variance } \\\hline \text { Sales Revenue } & \$ 556,500 & \$ 526,000 & \$ 450,000 & ? \\\hline\end{array}$$ Calculate the sales volume variance.

• A) 30,500 F
• B) 30,500 U
• C) $76,000 U
• D) $106,500 F

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Definitions:

Contributory Negligence

A legal principle where the plaintiff's own negligence plays a role in the harm suffered, potentially reducing the compensation they can receive.

Statement of Defence

A formal document filed by the defendant in a lawsuit detailing their defenses or objections to the claims made in the statement of claim.

General Partner

In a partnership, a member who has unlimited liability for the debts of the business and takes part in its management.

Limited Partner

An investor in a partnership who has limited liability to the extent of their investment and does not take part in the day-to-day management of the business.