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A company manufactures chairs for food courts. The 2019 operating budget is based on sales of 45,000 tables (units) at $55 per table and operating

A company manufactures chairs for food courts. The 2019 operating budget is based on sales of 45,000 tables (units) at $55 per table and operating income is anticipated to be $240,000. Budgeted variable costs are $35 per unit, while fixed costs total $660,000. Actual operating income for 2019 was a surprising $569,000 on actual sales of 46,000 units at $60 each. Actual variable costs were $34 per unit and fixed costs totaled $627,000. Required: (2 points per answer box) A) What is the amount of total static-budget variance (or static-budget variance for operating income)? Enter your numeric answer in the first answer box and enter "F" for favorable variance or "U" unfavorable variance or "N" for no variance in the next answer box. Do not enter currency sign, comma, and decimal point if any. B) What is the amount of revenues in the flexible budget? Enter your numeric answer in the answer box. Do not enter currency sign, comma, and decimal point, if any. C) What is the amount of flexible-budget variance for variable costs? Enter your numeric answer in the first answer box and enter "F" for favorable variance or "U" unfavorable variance or "N" for no variance in the next answer box. Do not enter currency sign, comma, and decimal point if any. D) What is the amount of total sales-volume variance (or sales volume variance for operating income)? Enter your numeric answer in the first answer box and enter "F" for favorable variance or "U" unfavorable variance or "N" for no variance in the next answer box. Do not enter currency sign, comma, and decimal point if anyimage text in transcribed

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