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
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 1CMA: Taylor Corporation is analyzing the cost behavior of three cost items, A, B, and C, to budget for...
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