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Farmers Insurance Company had a static budgeted operating income of $8.6 million.Actual operating income was $6.4 million.What is the static-budget variance of operating income? A)$2.2

Farmers Insurance Company had a static budgeted operating income of $8.6 million.Actual operating income was $6.4 million.What is the static-budget variance of operating income?

A)$2.2 million Favorable

B)$2.2 million Unfavorable

C)$6.4 million Favorable

D)$8.6 million Unfavorable

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