Questions 1-3 are based on the following: Deer Corporation uses the following data to evaluate...
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Accounting
Questions 1-3 are based on the following: Deer Corporation uses the following data to evaluate its operating performance:
|
| Actual | Static Budget |
| Units sold | 510 | 500 |
| Revenues | $15,300 | $14,000 |
| Variable costs | $9,690 | $10,000 |
| Fixed costs | $1,200 | $1,000 |
1. Deers flexible budget variance for operating income is:
Group of answer choices
$80 favorable
$1,330 unfavorable
$1,410 favorable
$1,330 Favorable
2.
Deers sales volume variance for revenues is:
Group of answer choices
$280 Favorable
$280 Unfavorable
$1,020 Favorable
$1,300 Favorable
3.
Which of the following statements about Deer's variances is true?
Group of answer choices
The flexible budget variance for variable costs is $510 Unfavorable
The static budget variance for operating income is $1,410 Unfavorable
The flexible budget variance for fixed costs is $200 Unfavorable
The flexible budget variance for revenue is $1,020 Unfavorable
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