The difference between actual and standard cost caused by the difference between the actual number of resource-units used and the standard number of resource-units that should have been used for the output of the period is called the: A. Controllable variance, B. Master budget variance. C. Flexible budget variance. D. Quantity (or efficiency or usage) variance.

For june, gold corp. estimated sales revenue at $600,000. it pays sales commissions that are 4% of sales. the sales manager's salary is $285,000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $15,000. how much are budgeted selling expenses for the month of july if sales are expected to be $540,000.

Which of the following best describes why you need to establish goals for your program?

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?