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The static budget, at the beginning of the month, for Onyx Dcor Company, follows:
Static budget:
Sales volume: 1,100 units; Sales price: $70.00 per unit
Variable costs: $32.00 per unit; Fixed costs: $38,000 per month
Operating income: $3,800
Actual results, at the end of the month, follows:
Actual results:
Sales volume: 980 units; Sales price: $75.00 per unit
Variable costs: $35.00 per unit; Fixed costs: $34,200 per month
Operating income: $5,000
Calculate the flexible budget variance and sales volume variance.
A. $5760 F and $4560 U
B. $4240 U and $3040 F
C. $4240 F and $3040 U
D. $5760 U and $4560 F
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