Strauss Table Company manufactures tables for schools. The company's operating budget for 20X9 includes these data:...

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Strauss Table Company manufactures tables for schools. The company's operating budget for 20X9 includes these data: Budgeted number of tables Budgeted selling price per table Budgeted variable costs per table Budgeted fixed costs for the year 20,000 units $100 $64 $600,000 The company's actual results for 20X9 were: Number of tables produced and sold 21,000 units Selling price per table $104 Variable costs per table $60 $570,000. Fixed costs for the year Required: Calculate static-budget variance, flexible-budget variance, and sales-volume variance for operating income. Are they favorable or unfavorable? (Use contribution margin format of income statement.) Strauss Table Company manufactures tables for schools. The company's operating budget for 20X9 includes these data: Budgeted number of tables Budgeted selling price per table Budgeted variable costs per table Budgeted fixed costs for the year 20,000 units $100 $64 $600,000 The company's actual results for 20X9 were: Number of tables produced and sold 21,000 units Selling price per table $104 Variable costs per table $60 $570,000. Fixed costs for the year Required: Calculate static-budget variance, flexible-budget variance, and sales-volume variance for operating income. Are they favorable or unfavorable? (Use contribution margin format of income statement.)

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