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  3. the static budget, at the beginning of the month,

The static budget, at the beginning of the month, for Singleton Company follows: Static budget:...

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Accounting

The static budget, at the beginning of the month, for Singleton Company follows: Static budget: Sales volume: 1,000 units; Sales price: $70.00 per unit Variable costs: $33.00 per unit; Fixed costs: $36,500 per month Operating income: $500 Actual results, at the end of the month, follows: Actual results: Sales volume: 980 units; Sales price: $74.00 per unit Variable costs: $35.50 per unit; Fixed costs: $34,100 per month Operating income: $3,630 Calculate the flexible budget variance for fixed costs.

$3,870 F

$0

$2,400 F

$2,400 U

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