Schooner Corporation Used the Following Data to Evaluate Its Current

question 93

Multiple Choice

Schooner Corporation used the following data to evaluate its current operating system.The company sells items for $24 each and used a budgeted selling price of $24 per unit.

What is the static-budget variance of operating income?

• A)$8,000 favorable
• B)$176,000 unfavorable
• C)$32,000 favorable
• D)$7,000 unfavorable

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Definitions:

Fetus

A prenatal human between the embryonic state and birth.

Ectoderm

The outermost layer of cells in the early embryo, giving rise to structures such as the skin, nails, and hair, as well as the nervous system.

Inner Cell Mass

A group of cells inside the early embryo that will eventually develop into the body of the organism.

Digestive System

The complex series of organs and glands responsible for the breakdown, digestion, and absorption of nutrients from food into the body.