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THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 51 THROUGH 53. Bates Corporation used the following data to evaluate their current operating system. The company sells items
THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 51 THROUGH 53. Bates Corporation used the following data to evaluate their current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per unit. Actual Budgeted Units sold 495,000 units 500,000 units Variable costs $1,250,000 $1,500,000 Fixed costs $ 925,000 $ 900,000 51. What is the static-budget variance of revenues? a. $50,000 favorable b. $50,000 unfavorable c. $5,000 favorable d. $5.000 unfavorable
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