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You have the following data for product X: sales revenue $6,000, variable costs $4.000, allocated fixed costs $1,000. If you drop product X in the
You have the following data for product X: sales revenue $6,000, variable costs $4.000, allocated fixed costs $1,000. If you drop product X in the long term, total profit will: o remain the same o increase by $2,000 o increase by $1.000 O decrease by $1,000 decrease by $2,000 Actual sales revenue in dollars is 14% higher than budgeted. Actual sales price is 20% higher than budgeted. Actual sales volume in units is 5% lower than budgeted. Actual input quantity per unit is 2% higher than budgeted. Actual input price is 4% lower than budgeted. Which of the following is true: O Sales volume variance is favorable and input efficiency variance is favorable Sales volume variance is unfavorable and input efficiency variance is favorable O Not enough information Sales volume variance is unfavorable and input efficiency variance is unfavorable O Sales volume variance is favorable and input efficiency variance is unfavorable
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