Multiple Choice
The actual information pertains to the third quarter.As part of the budgeting process,the controller for Foley Manufacturing had developed the following static budget for the third quarter.The company is in the process of preparing the flexible budget and understanding the results.
The primary reason for high actual operating profits was ________.
A) the variable-cost variance
B) increased fixed costs
C) flexible budget variance for revenues
D) lower sales volume than planned
Correct Answer:

Verified
Correct Answer:
Verified
Q6: A firm's inefficiencies, such as the wastage
Q7: Which of the following could be a
Q20: Classic Products Company manufactures colonial style desks.Some
Q40: Benchmarking is the continuous process of measuring
Q62: It is best to rely totally on
Q110: A favorable variance indicates that budgeted costs
Q120: Standard cost per output unit for each
Q124: Jalbert Incorporated planned to use materials of
Q134: Management by exception is the practice of
Q137: Which of the following is the correct