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What is the static budget variance for operating? income

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Reference no: EM133168042

Question - Tanger Company has the following? data:

Actual Results

Static Budget

Units

940

780

Sales Revenue

?$65,800

?$42,900

Variable Costs

?28,200

?21,840

Contribution Margin

?37,600

?21,060

Fixed Costs

?31,000

?10,000

Operating? Income/(Loss)

?$6,600

?$11,060

Required - What is the static budget variance for operating? income?

A. ?$4,460 F

B. $16,540 F

C. ?$16,540 U

D. ?$4,460 U

Reference no: EM133168042

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