Use the information below to answer the following question(s) .Bates Corporation used the following data to evaluate their current operating system.The company sells items for $10 each and used a budgeted selling price of $10 per unit. 
-What is the static-budget variance of operating income?
Definitions:
Free Market
An economic system in which prices are determined by unrestricted competition between privately owned businesses.
Final Allocation
The ultimate distribution of goods, services, or resources among different parties or locations.
Corrective Tax
A tax designed to encourage or discourage certain behaviors or activities by including the cost of externalities, aimed at correcting market outcomes to reflect social costs or benefits.
Supply Curve
A graphical representation showing the relationship between the quantity of a good supplied and its price.
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