General Insurance Company had a static budgeted operating income of $4.6 million; however, actual revenue was $3.0

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General Insurance Company had a static budgeted operating income of $4.6 million; however, actual revenue was $3.0 million. What is the static budget variance of operating income?

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Accounting Texts and Cases

ISBN: 978-1259097126

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Authors: Robert Anthony, David Hawkins, Kenneth Merchant

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Posted Date: Mar 13, 2023 08:08 AM

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General Insurance Company had a static budgeted operating income of $4.6 million; however, actual revenue was $3.0

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The static budget variance of operating income is the difference between the budgeted op... View the full answer

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