Gilson Corporation Manufactures and Sells a Single Product

question 301

Multiple Choice

Gilson Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During April, the company budgeted for 5,100 units, but its actual level of activity was 5,060 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for April: Data used in budgeting: Actual results for April: The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the revenue and spending variances report) for April would be closest to:

• A)$2,538 F
• B)$2,538 U
• C)$1,910 F
• D)$1,910 U

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Definitions:

Growth In Infancy

The rapid physical and psychological development occurring in human beings between birth and the end of the second year of life.

Prenatal Development

The progression of maturation and formation inside the uterus from fertilization to delivery.

Canalization

A genetic term referring to the ability of an organism to produce the same phenotype regardless of variability in its environment or genotype.

Environmentally Induced

Conditions or changes in an organism that are caused by external environmental factors rather than genetic influences.