Solution:
The option , 'c, $14,000 Unfavorable' is correct option.
Explanation:
The static - budget variance of variable cost = Actual result - Budgeted amount
=$168,000 - $154,000
=$14,000 Unfavorable
This is Unfavorable because variable cost of actual is greater than budgeted.
Lincoln Corporation used the following data to evaluate their current operating system. The company sells items...
Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $14 each and used a budgeted selling price of $14 per unit. Units sold Variable costs Fixed costs Actual 41,000 units $167,000 $42,000 Budgeted 35,000 units $153,000 $58,000 What is the static-budget variance of operating income? O A. $70,000 unfavorable B. $70,000 favorable OC. $86,000 unfavorable O D. $86,000 favorable
Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $11 each and used a budgeted selling price of $11 per unit. Units sold Variable costs Fixed costs Actual 43,000 units $166,000 $38,000 Budgeted 37,000 units $156,000 $55,000 What is the static - budget variance of operating income? O A. $73,000 favorable O B. $56,000 unfavorable O c. $73,000 unfavorable OD. $56,000 favorable
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