1.

The following items are the same for the flexible budget and the master budget EXCEPT the same:(2 Points)

a. variable cost per unit

b. total fixed costs

c. units sold

d. sales price per unit

2.

THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 3 THROUGH 5:

JJ White planned to use $82 of material per unit but actually used $80 of material per unit, and planned to make 1,200 units but actually made 1,000 units.

The flexible-budget amount for direct material is:(2 Points)

a. $80,000

b. $82,000

c. $96,000

d. $98,400

3.

The sales-volume variance is:(2 Points)

4.

The flexible-budget variance is:(2 Points)

a. $2,000 favorable

b. $14,000 unfavorable

c. $16,400 unfavorable

d. $2,400 favorable

5.

The variance that is BEST for measuring operating performance is the:(2 Points)

a. static-budget variance

b. flexible-budget variance

c. sales-volume variance

d. selling-price variance