Author Question: Schooner Corporation used the following data to evaluate its current operating system. The company ... (Read 14 times)

pragya sharda · **on:** Mar 6, 2021

Question 1

Management by exception is a practice whereby managers focus more closely on ________.
◦ variances in the larger departments
◦ areas not operating as anticipated and less closely on areas that are operating as anticipated
◦ activity-based budgeting
◦ unfavorable variances

Question 2

Schooner Corporation used the following data to evaluate its current operating system. The company sells items for $23 each and used a budgeted selling price of $23 per unit.

Actual

Budgeted

Units sold

171,000 units

187,000 units

Variable costs

$1,081,000

$1,285,000

Fixed costs

$800,000

$774,000

What is the static-budget variance of revenues?
◦ $368,000 favorable
◦ $368,000 unfavorable
◦ $16,000 favorable
◦ $16,000 unfavorable

Danny Ewald · **Reply #1 on:** Mar 6, 2021

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