United company produce chairs, the company operating budget for December 2021 as follows:

Number of chair 18,000

Selling price per chair $ 27

Variable Cost per chair $ 13

Fixed Cost $ 160,000

Actual results for December 2021 as follows:

Number of chair produced and sold 16,000

Average Selling price per chair $ 25

Variable Cost per chair $ 12

Fixed Cost $ 170,000

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Prepare A)static budget B) Actual results C) static budget variance