Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $11 each and had used a budgeted selling price of $12 per unit.

Actual Budgeted

Units sold 280,000 units 275,000 units

Variable costs $900,000 $885,000

Fixed costs $ 55,000 $ 52,000

12) What is the static-budget variance of revenues?

A) $55,000 favorable

B) $220,000 favorable

C) $220,000 unfavorable

D) $55,000 unfavorable

Please include the formula and details for how you calculated the answer.