Question 1- If the total sales-activity variance was $7,500 favorable, and the total master budget variance was $10,000 favorable, then the total flexible budget variance must have been?
A. $17,500 favorable
B. $2,500 favorable
C. $2,500 unfavorable
D. Cannot be determined from the information given.
Question 2 - Easy-Gro Garden center expects to purchase $7,000 of mulch during April. Easy-Gro had $3,000 of mulch in inventory at April 1, and expects to have $2,000 of mulch in inventory at April 30th. What is the budgeted cost of goods sold for April?
A. $9,000
B. $8,000
C. $7,000
D. $6,000