Sheffield corp. prepared a 2019 budget for 105000 units of product. actual production in 2019 was 115000 units. to be most useful, what amounts should a performance report for this company compare? the actual results for 115000 units with a new budget for 115000 units. the actual results for 115000 units with last year’s actual results for 118500 units. it doesn’t matter. all of these choices are equally useful. the actual results for 115000 units with the original budget for 105000 units.

The actual results for 115000 units with a new budget for 115000 units.

Explanation:

In order to evaluate Sheffield's performance, you have to evaluate the actual production costs of producing 115,000 units compared to a new production budget for the same 115,000 units.

Budgets are stated in dollars, so if you compare this production level to a smaller production level then you might conclude that there was an unfavorable variance because more money than expected was spent, without considering that the total production had creased. If you compare this actual production to a budget for a larger production you might conclude that you underspent (had a favorable variance) without considering the fewer units produced.

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hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi