Multiple Choice
Smith Corp.has a $6 000 favourable flexible budget variance for January.If January's flexible budget net income was $100 000,which of the following statements is true?
A) Smith's static budget must have showed net income of $106 000.
B) Smith's static budget must have showed net income of $94 000.
C) Smith's actual net income must have been $106 000.
D) Smith's actual net income must have been $94 000.
Correct Answer:
Verified
Correct Answer:
Verified
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