was drawn from the... LO 15-4 The following information was drawn from the accounting records of Smith Company Sales Cost of Goods Sold Gross Margin Variable Cost Fixed Cost Net Income Static Budget $19,000 (7,800) 11,200 (3,800) (2,800) $ 4,600 Flexible Budget $ 30,000 (10,880) 19,200 (5,100) (2,800) $ 11,300 Actual Results $34,300 (7,800) 26,500 (7,100) (3,100) $16,300 Based on this information the Multiple Choice variable operating cost volume variance is a $2,200 favorable variance. a e search Based on this information the Multiple Choice variable operating cost volume variance is a $2,200 favorable variance. variable operating cost flexible budget variance is a $2,000 unfavorable variance. variable operating cost volume variance is a $2,000 favorable variance. variable operating cost flexible budget variance is a $2.200 favorable variance. 25 99. ch