In a sale on approval, there is no sale unless and until the buyer accepts the goods

The static budget, at the beginning of the month, for Steak Frites Company follows

Static budget: Sales volume: 1,100 units; Sales price: $70.00 per unit Variable costs: $33.00 per unit; Fixed costs: $39,800 per month Operating income: $900 Actual results, at the end of the month, follows: Actual results: Sales volume: 995 units; Sales price: $74.00 per unit Variable costs: $35.00 per unit; Fixed costs: $35,000 per month Operating income: $3,805 Calculate the sales volume variance for revenue. A) $4,800 U B) $7,350 U C) $3,885 U D) $3,980 F

Which statements is(are) true with regard to short-term disability income plans?

I. Maximum duration of benefit is usually three years II. Most of these plans cover non-occupational disability. a) I only b) II only c) Both I and II d) Neither I nor II