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What is the flexible budget variance for operating income

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Problem 1: The actual operating income for our company for the current year was $97,000. The flexible budgeted operating income for actual sales volume was $95,000, and the static budget for operating income was $96,000. What is the flexible budget variance for operating income on the Flexible Budget Performance Report?

a. $2,000 favorable

b. $2,000 unfavorable

c. $1,000 favorable

d. $1,000 unfavorable

Reference no: EM132796879

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