Kevin Jarvis is the controller of Bitterroot Industries.Kevin prepared the following budgeted income statement at various levels of sales.After careful review of the budgeted income statements,and after discussions with the sales and production managers,the CEO determines that the best alternative is to base the budget on a sales volume of 30,000 units. 
Actual results for the year were 28,000 units, reflected in the following income statement: 
What is the flexible budget variance for variable overhead?
Definitions:
Price Level
The average cost across all sectors of goods and services produced in the economy.
Percent
A mathematical term describing a fraction or ratio as parts per hundred, used to indicate proportions and changes in quantities.
Deflation
A decline in the general price level of goods and services, often indicating a reduction in the supply of money and credit in the economy.
Purchasing Power
Purchasing power refers to the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.
Q43: Mountaineer, Inc. currently makes 6,000 pairs of
Q47: Since a batch-level activity is based on
Q49: Assume the actual sales volume is 69,000
Q56: The standard price of direct labor includes
Q75: Inspection would be classified as value-added in
Q81: Gross profit on a pro-forma income statement
Q112: If a company produces its products in
Q114: Finished Goods Inventory decreases by the<br>A)Cost of
Q148: Customer-level activities are also referred to as
Q161: Clover Manufacturing Company makes two products. The