Figure 8-8 Armati, Inc., is looking for feedback on company performance.The company compares the budget for the year with the actual costs.Data have been collected below:
Armati, Inc., had the following budgeted data:
The following actually occurred:

- Refer to Figure 8-8.The static budget variance for rent is

Question

Figure 8-8 Armati, Inc., is looking for feedback on company performance.The company compares the budget for the year with the actual costs.Data have been collected below:
Armati, Inc., had the following budgeted data:
 The following actually occurred:

- Refer to Figure 8-8.The static budget variance for rent is

Quizplus · Accepted Answer

The static budget variance for rent is zero because rent is typically a fixed cost and does not change with the level of activity.