In 2011,Monarch Aircraft Company sold 36,000 jet panels at $8,000 per panel.In 2012,Monarch lowered the price per panel as a result of unforeseen market forces to $6,000,but sold an equal number of panels.
Required
Compute the revenue effect of price recovery in 2011 and 2012.Was the variance favorable,F,or unfavorable,U?
A) $72,000,000 F
B) $7,200,000 F
C) $72,000,000 U
D) $7,200,000 U
E) $720,000 U
Correct Answer:
Verified
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