Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $11 each and had used a budgeted selling price of $12 per unit.

Actual Budgeted
Units sold 280,000 units 275,000 units
Variable costs $900,000 $885,000
Fixed costs $55,000 $52,000
15) What is the static-budget variance of revenues?

A) $55,000 favorable

B) $220,000 favorable

C) $220,000 unfavorable

D) $55,000 unfavorable

16) What is the static-budget variance of variable costs?

A) $12,000 favorable

B) $12,000 unfavorable

C) $15,000 favorable

D) $15,000 unfavorable

17) What is the static-budget variance for operating income?

A) $238,000 favorable

B) $238,000 unfavorable

C) $235,000 favorable

D) $235,000 unfavorable