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What is the static - budget variance of variable costs

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Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $18 each and used a budgeted selling price of $18 per unit.

                              Actual                Budgeted

Units sold              45,000 units       31,000 units

Variable costs         $160,000            $150,000

Fixed costs           $44,000                  $50,000

Question 1: What is the static - budget variance of variable costs?

Group of answer choices

Option 1: $10,000 unfavorable

Option 2: $11,000 unfavorable

Option 3: $14,000 favorable

Option 4: $5,000 unfavorable

Reference no: EM132547943

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