A variance is the difference between an _____ amount and the ______ amount

The efficiency variance measures ______

A favorable variance reflects a ______ in operating income

A standard is a sales price, cost, or quantity that is expected under ______ conditions.

The Niemah Company manufactures staplers. The budgeted sales price is $16 per stapler, the variable costs are $2 per stapler, and budgeted fixed costs are $10,000. What is Niemah's budgeted operating income for 4,600 staplers?

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