Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $16 each and had used abudgeted selling price of $17 per unit.Actual290,000 units 273,000 units$960,000$61,000BudgetedUnits soldVanable costs$889,000$45,000Fixed costsWhat is the static-budget variance of variable costs?O $61,000 favorableO $61,000 unfavorableO $77,000 favorableO $77,000 unfavorable

Name: Coroid Corporation used the following data to evaluate their current
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Description: Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $16 each and had used abudgeted selling price of $17 per unit.Actual290,000 units 273,000 units$960,000$61,000BudgetedUnits soldVanabl

Static budget is a fixed budget which is not change with the level of production. It remains same as…

Business

Accounting

Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $16 each and had used a budgeted selling price of $17 per unit. Actual 290,000 units 273,000 unite $960,000 $61,000 Budgeted Unita sold $889,000 $45,000 Vanable costa Fixed costs What is the static-budget variance of variable costs? O $61,000 favorable O S61,000 unfavorable O $77,000 favorable $77,000 unfavorable

Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $16 each and had used a budgeted selling price of $17 per unit. Actual 290,000 units 273,000 unite $960,000 $61,000 Budgeted Unita sold $889,000 $45,000 Vanable costa Fixed costs What is the static-budget variance of variable costs? O $61,000 favorable O S61,000 unfavorable O $77,000 favorable $77,000 unfavorable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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