Ryng Corporation used the following data to evaluate their current operating system. The company budgeted and currently
Question:
Ryng Corporation used the following data to evaluate their current operating system. The company budgeted and currently sells items for $15 each.
Actual Budgeted
Units sold 33971 units 30060 units
Total variable costs $164848 $146477
Total fixed costs $44062 $50827
What is the static-budget variance of operating income? (If the variance is unfavourable, present your answer as a negative (e.g., -100), if it is a favourable variance, present as it is (e.g., 100)).
Cost Management A Strategic Emphasis
ISBN: 978-0077733773
7th edition
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins