What is a static budget performance report? O A static budget is a budget prepared for only one level of sales volume. A static budget performance report compares actual results to the expected results in the static budget and reports the differences (static budget variances). O The overall static budget variance shown on a static budget performance report is the difference between actual operating income, based on the number of units actually sold, and the expected operating income in the static budget, based on the number of units expected to be sold. O The direct labor cost variance measures how well the company keeps direct labor cost per hour within standard. A direct labor cost variance is favorable (unfavorable) if the actual direct labor cost per hour is less (greater) than the standard direct labor cost per hour.

What is a static budget performance report? A static budget is a budget prepared for only one level of sales volume. A static budget performance report compares actual results to the expected results in the static budget and reports the differences (static budget variances). The overall static budget variance shown on a static budget performance report is the difference between actual operating income, based on the number of units actually sold, and the expected operating income in the static budget, based on the number of units expected to be sold. The direct labor cost variance measures how well the company keeps direct labor cost per hour within standard. A direct labor cost variance is favorable (unfavorable) if the actual direct labor cost per hour is less (greater) than the standard direct labor cost per hour