Multiple Choice
Farm Bureau Insurance Company had a static budgeted operating income of $8.6 million; however, actual income was $6.4 million._____ is the static-budget variance of operating income.
A) $6.4 million favorable
B) $8.6 million unfavorable
C) $2.2 million favorable
D) $2.2 million unfavorable
Correct Answer:
Verified
Correct Answer:
Verified
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