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Alter Corp provides the following information for 2014. One number (A) is missing. ...

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Question

Accounting

Alter Corp provides the following information for 2014. One number (A) is missing.

Actual Results

Flexible Budget

Static

Budget

Units sold

4,950

4,950

4,700

Revenues

$18,500

$19,800

$18,800

Variable costs

$7,060

$8,910

$8,460

Fixed costs

$3,645

$4,020

(A)

Operating income

$7,795

$6,870

$6,320

Which of the following statements is correct?

Group of answer choices

flexible budget variance for revenues is $1,300 favorable

the fixed costs sales volume variance is $375 favorable

the flexible budget variance for variable costs is $1,850 unfavorable

the static budget variance for operating income is $1,475 favorable

Answer & Explanation Solved by verified expert
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