Infinity Clock Company prepared the following static budget for the year |Operating income//Loss) If a flexible but is prepared at a volume of 700 units, calculate the amount of operating income The production level is within the relevant range D) STOD 527.000 1) SEO A) 53000 3) The sales volume variance is the difference between the A) expected results in the flexible budget for the actual units sold and the static budget B) static budget and actual amount due to differences in sales price fedible budget and state budget due to differences in fixed costs D) actual s and the expected results in the fedible budget for the actual units sold 3) The static budget, at the beginning of the month for Amira Company follows: Sales volume: 1000 units Sales price: $70.00 per unit Variable costs $12.00 per united costs $36,500 per month Operating income: 51200 Actual results, at the end of the month follows: Actual results Sales volume: 980 units; Sales price: $74.00 per unit Variable costs: $35.00 per unit, Fixed costs: $34,600 per month Operating income: $3620 Calculate the flexible budget variance for fixed costs. A) 53180 F B U 090 D) $2200 F 39) 39) A company is analyzing its month-end results by comparing it to both static and flexible budgets. During the month, the actual fixed costs were lower than the expected fixed costs as per the static budget. This difference results in an) A) favorable sales volume variance for fixed costs B) unfavorable sales volume variance for fixed costs unfavorable flexible budget variance for fixed costs D) favorable flexible budget variance for fixed costs 4 0) 40) Hercules Sports Equipment Company projected sales of 79,000 units at a unit sales price of $12 for the year. Actual sales for the year were 75,000 units at $14 per unit. Variable costs were budgeted at $3 per unit, and the actual amount was $5 per unit. Budgeted fixed costs totaled $387,000, while actual fixed costs amounted to $450,000. What is the flexible budget variance for variable costs? A) $150,000 favorable B) $158,000 unfavorable 9 $150,000 unfavorable D) $158,000 favorable