Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

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The Baldwin Company, in its master budget for 2016, predicted total sales of $160,000, variable costs of $48,000, and fixed costs of $52,000 ($24,000 manufacturing and $28,000 nonmanufacturing). Actual sales revenue for 2016 turned out to be $180,000. Actual costs were as follows: variable, $54,000, and fixed, $50,000. What was the total static budget (operating-income) variance for 2016 Was this total variance favorable (F) or unfavorable (U)