Multiple Choice
Best Insurance Company had a static budgeted operating income of $8.6 million; however, actual income was $6.0 million. is the static budget variance of operating income.
A) $8.6 million unfavorable
B) $2.6 million favorable
C) $6.0 million favorable
D) $2.6 million unfavorable
Correct Answer:
Verified
Correct Answer:
Verified
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