Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,000 units. These variances were observed: Actual Results and Variances, respectively: Sales $150,000, $25,000 Favorable; Variable expenses 77,800, 12,800 Unfavorable; Fixed expenses 70,300, 300 Unfavorable; Net income (loss) 1,900, 11,900 Unfavorable. What is the fixed expense unfavorable variance from the flexible budget? What is the unfavorable variance compared to the flexible budget net income?

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To determine the fixed expense unfavorable variance from the flexible budget we need to compare the ... View the full answer