Sales Cost of Goods Sold Gross Margin Variable Cost Fixed Cost Net Income $16,000 (7,200) 8,800 (3,200) (2,200) $ 3,400 $24,000 (9,600) 14,400 (4,200) (2,200) $ 8,000 $27,100 (7,500) 19,600 (5,600) (2,500) $11,500 Based on this information the Multiple Choice variable operating cost volume variance is a $1,600 favorable variance. variable operating cost flexible budget variance is a $1,400 unfavorable variance. 9 variable operating cost volume variance is a $1,400 favorable variance. variable operating cost flexible budget variance is a $1,600 favorable variance