Tomorrow Company has the following information available: 
The cost driver of product costs is units of output.What is the static budget variance for direct material costs?
Definitions:
Debt Ratio
A financial ratio that measures the extent of a company’s leverage, specifically the ratio of its total liabilities to its total assets.
Business Risk
The exposure to uncertainty and potential loss in a company’s operations due to factors like fluctuations in revenue or expenses.
Financial Risk
The possibility of losing money on an investment or business venture, often due to changes in the financial markets or failure to meet debt obligations.
Financial Risk
The possibility of losing money on an investment or business venture, often associated with the potential for financial loss due to market volatility, credit risk, and liquidity risk.
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