Reference no: EM132547943
Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $18 each and used a budgeted selling price of $18 per unit.
Actual Budgeted
Units sold 45,000 units 31,000 units
Variable costs $160,000 $150,000
Fixed costs $44,000 $50,000
Question 1: What is the static - budget variance of variable costs?
Group of answer choices
Option 1: $10,000 unfavorable
Option 2: $11,000 unfavorable
Option 3: $14,000 favorable
Option 4: $5,000 unfavorable
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