Question
Alter Corp provides the following information for 2014. One number (A) is missing. Actual Results Flexible Budget Static Budget Units sold 4,950 4,950 4,700 Revenues
Alter Corp provides the following information for 2014. One number (A) is missing.
| Actual Results | Flexible Budget | Static Budget |
Units sold | 4,950 | 4,950 | 4,700 |
Revenues | $18,500 | $19,800 | $18,800 |
Variable costs | $7,060 | $8,910 | $8,460 |
Fixed costs | $3,645 | $4,020 | (A) |
Operating income | $7,795 | $6,870 | $6,320 |
Which of the following statements is correct?
Group of answer choices
flexible budget variance for revenues is $1,300 favorable
the fixed costs sales volume variance is $375 favorable
the flexible budget variance for variable costs is $1,850 unfavorable
the static budget variance for operating income is $1,475 favorable
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