Author Question: Classic Products Company manufactures colonial style desks. Some of the company's data was ... (Read 114 times)

dejastew · **on:** Mar 6, 2021

Question 1

An unfavorable sales-volume variance could result from ________.
◦ an inappropriate assignment of labor or machines to specific jobs
◦ competitors taking market share
◦ an inefficiency of a purchasing manager in bargaining with suppliers
◦ a decrease in actual selling price compared to anticipated selling price

Question 2

Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the following information to replace the lost data:

	Actual Results	Flexible Budget Variances	Flexible Budget	Sales-Volume Variances	Static Budget
Units sold	490,000		490,000		448,350
Revenues	$187,250	$5,000 F	(A)	$6,260 U	(B)
Variable costs	(C)	$890 U	$71,260	$10,800 F	$82,060
Fixed costs	$36,670	$3,740 F	$40,410	0	$40,410
Operating income	$78,430	(D)	$70,580	(E)	$66,040

What amounts are reported for revenues in the flexible-budget (A) and the static-budget (B), respectively?
◦ $192,250; $175,990
◦ $182,250; $188,510
◦ $187,250; $185,990
◦ $180,990; $188,510

okolip · **Reply #1 on:** Mar 6, 2021

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 35% of students answer this correctly