Regier Company had planned for operating income of $10 million in the master budget but actually achieved operating income of only $7 million

ACCOUNTING

Multiple Choice

Regier Company had planned for operating income of $10 million in the master budget but actually achieved operating income of only $7 million

a. The static-budget variance for operating income is $3 million favorable

b. The static-budget variance for operating income is $3 million unfavorable

c. The flexible-budget variance for operating income is $3 million favorable

d. The flexible-budget variance for operating income is $3 million unfavorable

Click here for the SOLUTION