Answer: $700 Favorable
Explanation:
Total sales-volume variance = (Actual units - Static budget units) * (Contribution margin per unit of Static budget)
Contribution margin per unit of Static budget = ( Sales - Variable manufacturing costs - Variable marketing and administrative expenses) / Static units
= (60,000 - 15,000 - 10,000) / 5,000
= $7 per unit
Sales-volume variance = (5,100 - 5,000) * 7
= $700 Favorable
Actual sales are higher than budgeted sales so this is FAVORABLE.
Answer: BUDGETS
Explanation: A budget can be defined as a written plan for financial purpose of the entity usually made for a definite period of one year. A budget can be fixed or variable.
A budget is made on the planned amount of sales and revenues and takes into consideration various types of cost and expenses to be incurred.
Thus, from the above we can say that budget is that principal mean that is used for controlling of financial resources in an entity.
Conducting business on a global scale is a part of GLOBALIZATION.
Globalization is a process of interaction of individuals, companies, and government all over the globe for the purpose of conducting business relations with the help of information technology.
The Date sheet is a statement for daily business transactions. it includes the list of checks and balances for the office for a specific date of service.
A business transaction is an economic event involving a third party that is documented in the accounting system of a company.
Such a transaction needs to have a monetary value. Business transactions include, for example:
In a specific diary, such as a purchasing journal or sales journal, high-volume commercial transactions may be documented.
These journals are used to record business transactions, which are then regularly compiled and submitted to the general ledger.
Transactions with a lower volume are submitted straight to the general ledger. The financial accounts of the company eventually include a summary of these transactions.
A source document must always be used to back up a business transaction. A purchase order, for instance, might be used to facilitate the purchase of items from a supplier and the payment of wages to an employee.
Learn more about business transactions here
brainly.com/question/19959208
#SPJ4
The two forms of financial aid that is required for a student to bear the cost of college education are the following; direct loans and work study programs. It is because direct loans can help a student to provide money that they could lend and be paid off based on the time period it provides while work study program assist students in means of providing money for the student in which in return, they should work for them with no money to be paid for them.
