12,14

First Class, Inc., expects to sell 23,000 pool cues for $14.00 each. Direct materials costs are $4.00, direct manufacturing labor is $6.00, and manufacturing overhead is $0.89 per pool cue. The following inventory levels apply to 2019: Direct materials Work - in - process inventory Finished goods inventory Beginning inventory 33,000 units 0 units 2,000 units Ending inventory 33,000 units 0 units 3,400 units On the 2019 budgeted income statement, what amount will be reported for cost of goods sold? OA. $287,496 OB. S265716 OC. $250,470 D. $235,224 Schooner Corporation used the following data to evaluate its current operating system. The company sells items for $20 each and used a budgeted selling price of $20 per unit. Units sold Variable costs Fixed costs Actual 180,000 units $1,082,000 $800,000 Budgeted 187,000 units $1,285,000 S777,000 What is the static-budget variance of operating income? OA. OB. OC. OD. $180,000 unfavorable $7,000 unfavorable $63,000 favorable $40,000 favorable