Static budget amount-favorable variances

Reference no: EM13126932

Walsh also revealed that the actual sale price of $20 per movie was equal to the budgeted sale price and that there were no changes in inventories for the month. Management is disappointed by the operating income results. The CEO asks, "How can actual operating income be roughly 12% of the static budget amount when there are so many favorable variances?"

Reference no: EM13126932

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