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.

What is the static-budget variance of operating income?
A) $164,000 favorable
B) $164,000 unfavorable
C) $181,000 favorable
D) $181,000 unfavorable

Question

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.

What is the static-budget variance of operating income?
A) $164,000 favorable 
B) $164,000 unfavorable 
C) $181,000 favorable 
D) $181,000 unfavorable

Quizplus · Accepted Answer

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Lincoln Corporation Used the Following Data to Evaluate Their Current