Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin What was James's flexible budget sales revenue for July? 101 Flexible Sales Actual Budget Flexible Activity Master Results Variance Budget Variance Budget ? ? ? 13,000 ? $87,750 P $52,000 $13,000F $3,2500 ? $91,000 ? ? 2,0000 ? ? $4,000F $6,000U ? $105,000 $ 30,000 ?

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Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.