Secor Educational Services had budgeted its training service charge at $120 per hour. The company planned to provide 30,000 hours of training services during 2019. By lowering the service charge to $114 per hour, the company was able to increase the actual number of hours to 31,500.

Required:
a. Determine the sales volume variance and indicate whether it is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i. e., zero variance).)
b. Determine the flexible budget variance and indicate whether it is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i. e., zero variance).)
c. Did lowering the price of training services increase revenue?

a. $180,000 Favorable

b. $189,000 Unfavorable

c. Lowering the training facility price didn't raise sales.

Explanation:

a. Sales Volume Variance = (Actual hours - Budgeted hours) × Budgeted Revenue per hour

Sales Volume Variance = (31,500 - 30,000) × $120

= 1,500 × $120

= $180,000 Favorable

b. Flexible Budget Variance = (Actual revenue per hour - Budgeted revenue per hour) × Actual hours of training

= ($114 - $120) × 31,500

= $189,000 Unfavorable

c. Lowering the training service price did not raise sales. Because, according to actual training hours, actual revenue is lower than budget revenue.

answer; operating revenues;

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.