Answer questions $1$&$2$ based on the following scenario. $($You should prepare a flexible budget to answer the questions$)$

Tech Draperies makes and sells curtains. Information related to its performance in $2020$ is given below:

$\backslash$table$[[,$Actual,Budgeted$],[$Units made and sold,$1,300,1\mathrm{.}500],[$Selling price,$$220$ per curtain,$$210$ per curtain$],[$Variable costs,$163,000,$$$105$ per curtain$],[$Fixed costs,$79,000s,84,000]]$

Calculate Tech Draperies' flexible$-$budget variance for operating income. $($Choose the nearest number to your answer$)$

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DO NOT WRITE IN ANY OTHE

a$)9,500U$

b$)9,000U$

c$)8,500U$

d$)7,250U$

CORRECT ANSWER IS

$2.$ Calculate Tech Draperies' static budget variance for operating income. $($Choose the nearest number to your answer$)$

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a$)31,500U$

b$)30,000U$

c$)28,800U$

d$)29,500U$

CORRECT ANSWER IS

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