The Carolina Products Company has completed the flexible budget analysis for the 2nd quarter, which is as given below. Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units/Volume 12 comma 840 0 12 comma 840 840 F 12 comma 000 Sales Revenue $ 62 comma 800 $ 1 comma 230 U $ 64 comma 030 $ 4 comma 030 F $ 60 comma 000 Variable Expenses 27 comma 570 590 U 26 comma 980 $ 1 comma 700 U 25 comma 280 Contribution Margin $ 35 comma 230 $ 1 comma 820 U $ 37 comma 050 $ 2 comma 330 F $ 34 comma 720 Fixed Expenses 34 comma 230 180 U 34 comma 050 $ 0 34 comma 050 Operating Income / (loss) $ 1 comma 000 $ 2 comma 000 U $ 3 comma 000 $ 2 comma 330 F $ 670 Which of the following would be a correct interpretation of the sales volume variance for sales revenues?
A.
increase in fixed costs
B.
increase in sales volume
C.
increase in variable cost per unit
D.
increase in sales price per unit
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The Carolina Products Company has completed the flexible budget analysis for the 2nd quarter, which is as given below. Actual Results ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suppose that a bank has accepted $20,000 in checking deposits, $40,000 in savings deposits, has $10,000 in cash reserves, and made $50,000 in loans. What is the bank's reserve ratio? a) 10% b) 16.6% c) 20% d) 25%
Answers (1)
Ken is moving to a new city and considering whether he should rent or buy an apartment. What factors should he consider in his decision? A) His budget. B) How long he plans to live in the city. C) Financial stability of the housing market.
Answers (1)
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $500.00.
Answers (1)
Which concept of liberty is involved in the answer to the question "what, or who, is the source of control or interference that can determine someone to do, or be, this rather than that?"?
Answers (1)
Larry, curly, and mo are the only three people in stoogeville. larry is willing to pay $20 for the 5th unit of a public good, curly $15, and mo $25. government should produce the 5th unit of the public good if the marginal cost is:
Answers (1)
New Questions in Business
Sam's business will cost $49,500 to set up and run for the first year. Sam then expects an annual operational expense total of $30,500.
Answers (1)
Hemming saw an advertisement for a Cadillac convertible once owned by the famous early rock 'n' roll singer Elvis Presley. He contracted to buy it from Whitney for $350,000 and sent Whitney $10,000 as a deposit.
Answers (1)
In a comparative market analysis, the subject property has 2 bedrooms, 2 baths, a 1/2 acre lot and a swimming pool. A $115,000 comparable has 2 bedrooms, 1 bathroom, no pool, a 1/2 acre lot, and a screened porch.
Answers (1)
Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor (s) from the tables provided.) : Future Amount i = n = Present Value 1. $21000 6% 12 2.
Answers (1)
Yakov is skilled at making both bracelets and necklaces. Yakov has no preference between making bracelets or necklaces since he earns the same amount from the two activities.
Answers (1)