Reference no: EM133043183

Question - The static budget, at the beginning of the month, for Amira Company follows:

Static budget:

Sales volume: 1,000 units; Sales price: $70.00 per unit

Variable costs: $33.00 per unit; Fixed costs: $36,100 per month

Operating income: $900

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: $34,700 per month

Operating income: $3,030

Required - Calculate the flexible budget variance for fixed costs.