Multiple Choice
Farmers Insurance Company had a static budgeted operating income of $8.6 million.Actual operating income was $6.4 million.What is the static-budget variance of operating income?
A) $2.2 million Favorable
B) $2.2 million Unfavorable
C) $6.4 million Favorable
D) $8.6 million Unfavorable
Correct Answer:
Verified
Correct Answer:
Verified
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