Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest

Answer:

The variance for Sales Revenue in the flexible budget amounts to $3,960 Favorable

Explanation:

Initially, the provided budget is a static budget, which is essential for determining the flexible budget variance for Sales Revenue.

The flexible budget is created at the same quantity level as the actual.

Thus, the flexible budgeted sales for the month is 990 units at a price of $70 per unit, matching that of the static budget.

Consequently, the Variance is computed as Standard Flexible Budgeted Sales minus Actual Sales

Standard Flexible Budgeted Sales = 990 $70 = $69,300

Actual Sales Revenue = 990 $74 = $73,260

Because the actual revenue exceeds the budgeted sales, this is considered favorable.

The Flexible Budget Variance for Sales Revenue is calculated as $69,300 - $73,260 = $3,960

Since actual revenue surpasses the budgeted amount, this results in a favorable variance.

The flexible budget variance for Sales Revenue equals $3,960 Favorable

The most suitable organizational structure for Kumal Company is MATRIX STRUCTURE. This format is typically employed by firms involved in producing goods with defined timeframes. Employees are often organized into various teams to enhance creativity and idea flow. It is commonly found in technology and engineering firms.

Answer: effective age, chronological age

Explanation:

Effective age refers to an approximation of how old a specific structure is, generally determined by its condition and functionality.

Chronological age relates to the total time elapsed from the construction date of the building until now.