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 36,000 units Variable costs $168,000 $151,000 Fixed costs $45,000 $58,000 What is the static-budget variance of revenues? O A. $72,000 unfavorable OB. $6,000 unfavorable O C. $72,000 favorable O D. $4,000 favorable
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 36,000 units Variable costs $168,000 $151,000 Fixed costs $45,000 $58,000 What is the static-budget variance of revenues? O A. $72,000 unfavorable OB. $6,000 unfavorable O C. $72,000 favorable O D. $4,000 favorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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
36,000 units
Variable costs
$168,000
$151,000
$58,000
Fixed costs
$45,000
What is the static-budget variance of revenues?
O A. $72,000 unfavorable
OB. $6,000 unfavorable
O C. $72,000 favorable
O D. $4,000 favorable
O Time Re
esc](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa7b40a41-3ef4-4ce0-8815-6254b6673f01%2Fd666656a-9f66-4a10-9f25-df226a51ebae%2Fylxporc_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
36,000 units
Variable costs
$168,000
$151,000
$58,000
Fixed costs
$45,000
What is the static-budget variance of revenues?
O A. $72,000 unfavorable
OB. $6,000 unfavorable
O C. $72,000 favorable
O D. $4,000 favorable
O Time Re
esc
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