Problem
Lander 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
|
41,000 units
|
40,000 units
|
|
Variable costs
|
$164,000
|
$156,000
|
|
Fixed costs
|
$46,000
|
$48,000
|
What is the staticminus-budget variance of variable costs?