Given the following information in standard costing: Budgeted: 12,000 units at $5.00 each. Actual: 11,500 units at $5.5 each. What is the total revenue total/static variance? Select one: a. $2,500, favorable b. $2,500, unfavorable c. $3,250, favorable d. $3,250, unfavorable e. $5,750, favorable f. $5,750, unfavorable
In general, the terms favorable and unfavorable are used to describe the effect of a variance on Select one: a. income/profit b. sales revenue c. production costs d. operating expenses e. balance sheet
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