The following data are for the month of january for the, Ask an Expert

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The following data are for the month of January for the Soloway Company. Assume the cost driver is the number of units sold.

Static budget data:

Sales of 9,000 pairs at $90 per pair

Variable costs of $69 per pair

Total fixed costs $108,000

Actual results:

Sales of 9,600 pairs at $87 per pair

Variable costs of $72 per pair

Total fixed costs $109,200

A) What is the static budget operating income?

B) What is the sales activity variance for operating income?

C) What is the flexible budget variance for operating income?

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