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Questions 1-3 are based on the following: Deer Corporation uses the following data to evaluate...

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Accounting

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Questions 1-3 are based on the following: Deer Corporation uses the following data to evaluate its operating performance: Actual Static Budget Units sold 510 500 Revenues $15,300 $14,000 Variable costs $9,69,0 $10,000 Fixed costs $1,200 $1,000 Question 1 Deer's flexible budget variance for operating income is: $80 favorable 0 $1,330 Favorable $1,410 favorable $1,330 unfavorable 3 Deer's static budget variance for operating income is: O $80 favorable $1,410 Unfavorable 0 $1,330 Favorable O $1,410 favorable Question 3 2 pts Which of the following statements about Deer's variances is true? The flexible budget variance for variable costs is $510 Unfavorable The flexible budget variance for revenue is $1,020 Unfavorable The static budget variance for operating income is $1,410 Unfavorable The flexible budget variance for fixed costs is $200 Unfavorable

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