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Looking at the information from the following chart, what is the variance in Operating Expenses? Actual Budget Sales 250,000 225,000 Cost of Sales 145,000 155,000
Looking at the information from the following chart, what is the variance in Operating Expenses?
| Actual | Budget | |
| Sales | 250,000 | 225,000 |
| Cost of Sales | 145,000 | 155,000 |
| Gross Margin | 105,000 | 70,000 |
| Operating Expenses | 65,000 | 45,000 |
| Net Income | 40,000 | 25,000 |
| a. | $20,000, Favourable | |
| b. | $65,000, Unfavourable | |
| c. | $20,000, Unfavourable | |
| d. | $45,000, Unfavourable |
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Reflection On The Adaptation Of International Auditing Standards To SMEs
Authors: Mohamed Hedi Mzah
1st Edition
6204256882, 978-6204256887
