Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $17 each and used a budgeted selling price of $17 per unit. Actual Budgeted Units sold 47,000 units 33,000 units Variable costs $170,000 $150,000 Fixed costs $42,000 $51,000 What is the static - budget variance of variable costs? O A. $20,000 unfavorable B. $11,000 unfavorable OC. $14,000 favorable OD. $9,000 favorable

Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $17 each and used a budgeted selling price of $17 per unit. Actual Budgeted Units sold 47,000 units 33,000 units Variable costs $170,000 $150,000 Fixed costs $42,000 $51,000 What is the static - budget variance of variable costs? O A. $20,000 unfavorable B. $11,000 unfavorable OC. $14,000 favorable OD. $9,000 favorable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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