23) A firm finds that its actual sales volume for the month was lower than the sales volume in the static budget. This difference results in: A) An unfavorable flexible budget variance for variable costs B) An unfavorable sales volume variance for variable costs C) An unfavorable flexible budget variance for sales revenue D) An unfavorable sales volume variance for sales revenue 24) A firm finds that its actual variable costs were lower than the expected variable costs in the flexible budget. This difference results in: A) A favorable flexible budget variance for variable costs B) A favorable sales volume variance for variable costs C) An unfavorable flexible budget variance for variable costs D) An unfavorable sales volume variance for variable costs The following data relates to Quantum, Ine. in Operating income Net sales 25-28: 125 Average total assets $300.000 gement's required rate of return l 5% ar 25) What is Quantum's profit margin ratio? A) 25,0% B) 10.4% C) 41.7% D) 15.0% 6) What is Quantum's asset turnover ratio? A) 9.6 B) 6.7 C) 10.4 D) 4.0 ) What is Quantum's return on investment (ROI)? A) 29.4% B) 60.0% C) 41.796 D) 15.0% hat is Quantum's residual income (RI)? $45,000 $175,000 $18,750