Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $12 each and used a budgeted selling price of $12 per unit. Actual Budgeted Units sold 42,000 units 32,000 units Variable costs $161,000 $154,000 Fixed costs $43,000 $49,000 What is the static-budget variance of revenues? O A. $1,000 favorable O B. $120,000 unfavorable OC. $120,000 favorable D. $10,000 unfavorable

Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $12 each and used a budgeted selling price of $12 per unit. Actual Budgeted Units sold 42,000 units 32,000 units Variable costs $161,000 $154,000 Fixed costs $43,000 $49,000 What is the static-budget variance of revenues? O A. $1,000 favorable O B. $120,000 unfavorable OC. $120,000 favorable D. $10,000 unfavorable

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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