Multiple Choice
General Insurance Company had a static budgeted operating income of $4.6 million; however, actual income was $3.0 million.What is the static budget variance of operating income?
A) $1,000,000 favourable
B) $1,000,000 unfavourable
C) $1,600,000 favourable
D) $3,000,000 favourable
E) $1,600,000 unfavourable
Correct Answer:
Verified
Correct Answer:
Verified
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