chapter 22 quiz

chapter 22 quiz - 1 Question 1 Multiple ChoiceID 5630912...

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1 Question 1 - Multiple ChoiceID: 5630912 - Correct Question: A flexible budget is prepared to allow Actual and budgeted results to be compared at almost any level of activity Costs and revenues to be compared at a particular level of activity only Management discretion and flexibility Flexibility in determining standard costs Question 2 - Multiple ChoiceID: 5630926 - The correct answer has been circled. Question: Western Outfitters Mountain Sports projected 2008 sales of 75,000 units at a unit sale price of $12. Actual 2008 sales were 72,000 units at $14 per unit. Actual variable costs, budgeted at $4 per unit, totaled $4.75 per unit. Budgeted fixed costs totaled $375,000, while actual fixed costs amounted to $400,000. What is the sales volume variance for total revenue? $144,000 favorable $42,000 unfavorable $108,000 favorable $36,000 unfavorable Question 3 - Multiple ChoiceID: 5630921 - Correct Question: Which of the following is a budget based on a single predicted amount of sales or
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chapter 22 quiz - 1 Question 1 Multiple ChoiceID 5630912...

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