The Sales Revenue Flexible Budget Variance Was:
A) $15,000 Unfavorable

question 69

Multiple Choice

$$\begin{array} { l r c } \text { Item to Classify } & \text { Starddard } & \text { Actual } \\\text { Sales Reveruse } & 820,000 & 835,000 \\\text { Wages } & 125,000 & 128,000 \\\text { S\&A Expenses } & 400,000 & 408,000 \\\text { Cost of Goods Sold } & 608,000 & 600,000\end{array}$$ The sales revenue flexible budget variance was:

• A) $15,000 unfavorable.
• B) $7,000 favorable.
• C) $15,000 favorable.
• D) $7,000 unfavorable.

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Definitions:

Moving Average

A statistical method to analyze data points by creating a series of averages of different subsets of the full data set.

Yearly Observations

Refers to data points or measurements that are collected once every year.

Trend

A general direction in which something is developing or changing, observed in data over time.

Annual Time-series

A sequence of data points representing the value of a variable over a series of years.