Question: The total static budget variance for KCC Ltd. for the month of December was $7,000 U. The total flexible budget variance was $3,000 U. The

The total static budget variance for KCC Ltd. for the month of December was $7,000 U. The total flexible budget variance was $3,000 U. The actual results for the month showed net operating income of $3,000.

Required:

What amount of operating income (loss) would the flexible budget have shown for December?

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