The Following Static Budget Is Provided What Will Be the Overall Volume Variance If 12,000 Units

question 35

Multiple Choice

The following static budget is provided: $\begin{array}{lcc}&\text { Per Unit}&\text { Total }\\\text { Sales } & \$ 60 & \$ 900,000 \\\text { Less variable costs: } & & \\\text { Manufacturing costs } & 30 & 450,000 \\\text { Selling and administrative costs } & \underline{ 10 }& \underline{ 150,000 }\\\text { Contribution margin } & \underline{ \$ 20 }& \$ 300,000\\\text { Less fixed costs: } &\\\text { Manufacturing costs } & &75,000 \\\text { Selling and administrative costs } &&\underline{ 125,000} \\\text { Total fixed costs } &&\underline{ 200,000}\\\text { Net income }&&\underline{ \$100,000}\end{array}$
What will be the overall volume variance if 12,000 units are produced and sold?

• A) $80,000 F
• B) $80,000 U
• C) $60,000 U
• D) $160,000 U

Understand the concept and importance of a budget in personal finance.

Identify different sources of income for college students, including student loans, scholarships, grants, and work-study programs.

Differentiate between fixed and variable expenses.

Recognize the necessity of tracking expenses to effectively manage a budget.

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Definitions:

Value-neutral

An approach that is without judgment and does not assign moral, ethical, or cultural values to observations or decisions.

Marginalized

Referring to individuals or groups that are denied involvement in mainstream economic, political, cultural, or social activities.

Historically

Pertaining to the past or the study thereof; considering events, contexts, or conditions from previous times.

Types of Feminism

Various ideological perspectives and movements within feminism that advocate for gender equality, each with its own focus, such as radical, liberal, and intersectional feminism.