Surf Boards,Inc

question 101

Multiple Choice

Surf Boards,Inc.had the following summarized results for the month ending July 30: Assume that the budget was based on the sale of 104 surfboards at $500 each and the actual results reflect the sale of 104 surfboards.What is the most appropriate conclusion in the report to management?

• A)If costs as a percentage of revenues had remained at the budgeted level,net income would have declined.
• B)If costs as a percentage of revenues remain at the actual level any increase in revenues would probably be matched by a decrease in net income.
• C)If costs as a percentage of revenues had remained at the budgeted level,net income would be $985 above budget.
• D)If costs as a percentage of revenues had remained at the budgeted levels,net income would be $4,000 above budget.

---

Definitions:

Exchange Value

The worth of a good or service determined by the market, based on its capacity to be traded for other goods or services.

Instagram

A social media platform that allows users to share photos and videos, facilitating personal, professional, and creative expression through visual content.

Experienced Lived

The actual practice or representation of events as experienced by an individual, often emphasizing personal insights and perceptions.

Antonio Gramsci

An Italian Marxist philosopher and communist politician known for his theory of cultural hegemony as a means of maintaining the state in a capitalist society.