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The static budget,at the beginning of the month,for Redwyne Company follows: Static budget:
Sales volume: 2,000 units; Sales price: $50.00 per unit
Variable costs: $13.00 per unit; Fixed costs: $25,200 per month
Operating income: $48,800
Actual results,at the end of the month,follows:
Actual results:
Sales volume: 1,800 units; Sales price: $58.00 per unit
Variable costs: $16.00 per unit; Fixed costs: $33,600 per month
Operating income: $42,000
Calculate the flexible budget variance for variable costs.
Literacy Tests
A method historically used to disenfranchise voters, especially African-Americans, by requiring them to pass reading and writing tests before being allowed to vote.
Third Party
A political party that competes alongside the two major parties in a two-party system, often focusing on specific issues or promoting alternative policies.
Proportional Representation
A voting system where the distribution of seats among parties is directly proportional to the amount of votes they receive.
Voter Registration
The process by which eligible citizens register with governmental authorities to be allowed to vote in elections.
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