City Golf Center reported actual operating income for the current year as $65,000.The flexible budget operating income for actual volume is $55,000,while the static budget operating income is $58,000.What is the flexible budget variance for operating income?

Question

Quizplus · Accepted Answer

The flexible budget variance is calculated as the difference between the actual operating income and the flexible budget operating income. Here, it is $65,000 (actual) - $55,000 (flexible budget) = $10,000 favorable.

City Golf Center Reported Actual Operating Income for the Current