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Ibis Company prepared the following static budget for the month of November, 2015: If a...

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Accounting

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Ibis Company prepared the following static budget for the month of November, 2015: If a flexible budget was prepared at a volume of 13,000 units, calculate the operating income at 13,000 units of production. $22,000 $17,500 $14,000 $26,000 Onyx Company has prepared a static budget at the beginning of the month. At the end of the month, the following information has been retrieved from the records. Static budget: Sales volume: 1,000 units: Prices: $70 per unit Variable expense: $32 per units: Fixed expenses: $37,500 per month Operating income: $500 Actual results: Sales volume: 990 units: Price $74 per unit variable expenses:$35 per unit: Fixed expenses:$33,000 per month Operating income: $5,610 Calculate the flexible budget variance for sales Revenue. $5,490U $5,490F $3,960U $3,960F

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