Assume that the simple profit variance is -$200,000, while the flexible profit variance is +$200,000. Which of
Question:
a.) when the volume forecast error is accounted for, the business lost money.
b.) when the volume forecast error is accounted for, the business broke even.
c.) the business actually made a profit of $200,000 .
d.) the business actually made a profit of $400,000. E.)when the volume forecast error is accounted for, the business made money.
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Profit variance is difference between actual profit and projected profit So in a...View the full answer
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Related Book For 
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
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