Question - Onyx Decor Company has prepared a static budget at the beginning of the month. At the end of the month, the following information has been retrieved from their records.
Static Budge
Sales volume 1200 units Price 72.00 per unit
Variable expense: 32 per unit Fixed expenses 37,500 per month operating income 10,500
Actual results
Sales volume: 970 units Price74.00 per unit
Variable expense: 35.00 per unit Fixed expenses 33,200 per month operating income 4,630
Calculate the flexible budget variance for Sales Revenue.