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What the static variance of the net income is

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Reference no: EM132547776

Racine Filter Corporation used the following data to evaluate their current operating system. The company sells items for $14.50 each and had used a budgeted selling price of $15 per unit.

                                       Actual                     Budgeted

Units sold                         206,000 units        200,000 units

Total Variable costs             $965,000             $950,000

Total Fixed costs                 $ 53,000             $ 50,000

Question 1: The static variance of the net income is

a. $78,000 U

b. $31,000 F

c. $99,000 F

d. $31,000 U

Question 2: The flexible variance of the net income is

a. $198,000 U

b. $15,000 F

c. $150,000 F

d. $92,000 U

Question 3: The sales volume variance of the net income

a. $88,000 F

b. $61,000 F

c. $94,000 F

Reference no: EM132547776

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