Author Question: Classic Products Company manufactures colonial style desks. Some of the company's data was ... (Read 122 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

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