Answer the Following Questions Using the Information Below:
Coroid Corporation

question 66

Multiple Choice

Answer the following questions using the information below:
Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $11 each and had used a budgeted selling price of $12 per unit.
$$\begin{array} { l r r } & \underline { \text { Actual } } & \text { Budgeted } \\\text { Units sold } & 280,000 \text { units } & 275,000 \text { units } \\\text { Variable costs } & \$ 900,000 & \$ 885,000 \\\text { Fixed costs } & \$ 55,000 & \$ 52,000\end{array}$$
-What is the static-budget variance of variable costs?

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Definitions:

Uberization

The transformation of traditional industries in the way that Uber has revolutionized the taxi business, emphasizing platforms that connect consumers directly with providers of goods or services.

Negatively Affects

To have an adverse impact on something, resulting in harm, deterioration, or reduction in quality or value.

Gig Economy

A labor market characterized by flexible, temporary, or freelance jobs, often involving connecting with clients or customers through an online platform.

Independent Contractors

Individuals or entities that perform work for another entity under a contractual agreement, but are not considered employees of that entity.