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Questions 1-3 are based on the following: Deer Corporation uses the following data to evaluate its operating performance: Actual Static Budget Units sold 510 500

Questions 1-3 are based on the following: Deer Corporation uses the following data to evaluate its operating performance:

Actual

Static Budget

Units sold

510

500

Revenues

$15,300

$14,000

Variable costs

$9,690

$10,000

Fixed costs

$1,200

$1,000

1. Deers flexible budget variance for operating income is:

Group of answer choices

$80 favorable

$1,330 unfavorable

$1,410 favorable

$1,330 Favorable

2.

Deers sales volume variance for revenues is:

Group of answer choices

$280 Favorable

$280 Unfavorable

$1,020 Favorable

$1,300 Favorable

3.

Which of the following statements about Deer's variances is true?

Group of answer choices

The flexible budget variance for variable costs is $510 Unfavorable

The static budget variance for operating income is $1,410 Unfavorable

The flexible budget variance for fixed costs is $200 Unfavorable

The flexible budget variance for revenue is $1,020 Unfavorable

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