Chapter 21: Flexible Budgets and Standard Costs Inse B An unfavorable variance results when A. actual revenue is higher than budgeted revenue actual income is higher than expected income C. actual cost is lower than budgeted cost D. actual cost is higher than budgeted cost Based on predicted production of 6,000 units, a company expects $72,000 of variable costs and $75,000 of fixed costs. The flexible budget amounts for variable and fixed costs at 5,000 units of production are A. $72,000 variable and $75,000 fixed B. $72,000 variable and $62,500 fixed C. $60,000 variable and $75,000 fixed D. $60,000 variable and $62,500 fixed Use the following information to answer Questions 3 and 4, A company makes concrete statues. Each statue requires 10 pounds of concrete al $4 per pound and 0.40 direct labor hours at $30 per hour. Overhead is assigned at the rate of 580 per labor hour. The standard cost to make one unit and the total that would appear on the standard cost card is A. $228 B. $100 C. $84 D. $52 Assume the actual cost to manufacture one statue was $60. The cost variance is A. $144 unfavorable B. $144 favorable C. $24 unfavorable D. $24 favorable SE 'The direct