Question 23 3 pts Maxie Company is creating their budget for the following year. Here is their relevant information: Expected Sales 1,000 units per month Sales Price $15 per unit Variable Labor costs $3 per unit Variable Material costs $2 per unit Fixed Costs $6,000 per month In the first month of the new year, Maxie Company only produced and sold 800 units. What is their flexible budget operating income? $8.000 $4.000 $2,000 $0 Question 24 3 pts Maxie Company is creating their budget for the following year. Here is their relevant information: Expected Sales 1,000 units per month Sales Price $15 per unit Variable Labor costs $3 per unit Variable Material costs $2 per unit Fixed Costs $6,000 per month In the first month of the new year, Maxie Company's operating income was $2,000. What is their static budget operating income variance? $4.000 Unfavorable $4,000 Favorable $2.000 Unfavorable $2.000 Favorable Question 25 3 pts Burton Company produces top hats. They are comparing budgeted to actual results. Burton Company budgeted producing 10.000 hats each month. Here is the rest of their relevant information: Selling price per hat: $50 each Labor costs per hat: Material costs per hat: $10 Fixed Costs per month: $160,000 Burton Company produces 8,000 hats in January. Their actual labor costs in January are $125,000. What is the flexible budget variance for labor costs? $15 $5,000 Unfavorable $25,000 Favorable $25.000 Unfavorable $25.000 Favorable