ADMS 3510 Chapter Notes - Chapter 14: Industrial Engineering, Pension, Business Process

• School: York University
• Department: Administrative Studies
• Course: ADMS 3510
• Professor: Roberto Umana

Document Summary

If operating level is substantially different between flexible & static, fixed cost might change: formulas pg. 547: shows decrease in sales volume of 220units would decrease. Oi by 77000: may occur due to 1 of the following, market for product changed, demand change, firm lost market share to competitors, failed to set proper goal for period, marketing/promotion not effective. Inappropriate selling price: may result one another, flexible budget (fb) variance, difference between actual amount of item & flexible budget amount, formula: actual result flexible buget result, total flexible budget variance diff between actual operating income. 548: selling price variance, diff between actual sales revenue for period & sales revenue in flexible budget, formula pg. 548 549: total variable cost flexible budget variance, diff between total variable cost incurred during period & total variable cost in flexible budget for period, exhibit 14. 5 pg. In exhibit 14. 4, incurred 350,950 total variable cost: formulas pg.