23. The following data are for Magenta Corporation: Actual 18,000 Units Sales $360,000 Variable costs 234,000 Contribution margin $126,000 Fixed costs 76,000 Operating income $50,000 The flexible budget variance for operating income is A) $2,000 Favorable B) $2,000 Unfavorable C) $14,000 Favorable D) $14,000 Unfavorable Static Budget 16,000 $320,000 192,000 $128,000 80,000 $48,000 Flexible Budget for Actual Sales Activity 18,000 $360,000 216,000 $144,000 80,000 $64,000