Assessment 6: The following information was... LO 15-4 The following information was drawn from the accounting records of Smith Company Static Flexible Actual BudgetBudget Results $10,000 $12,000 $12,780 Cost of Goods Sold(6,000)(7200) (6,9) 5,800 Sales Gross Margin 4,000 (2,000) (2,400) (2,600) (1,000) (1,000) (1,300) 4,800 Variable Cost Fixed Cost Net Income es $ 1,000 1,400 $ 1, Based on this information the Multiple Choice Multiple Choice cost of goods sold flexible budget varlance Is a $300 unfavorable varlance. cost of goods sold volume vartance is a $300 favorable variance cost of goods sold flexible budget variance is a $1.200 favorable vartance cost of goods sold volume varlance is a $1,200 unfavorable vartance