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1 HELEEN Manufacturing Company prepares master budget

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1 HELEEN Manufacturing Company prepares master budget. The Company had a static budgeted operating income of $9.6 million. Actual operating income was $6.4 million. The flexible budget operating income at the actual level of output is $7,000,000. What is the static-budget variance of operating income? Select one: a. $1.6 million Favorable b. $3.2 million Unfavorable c. $3.2 million Favorable d. $1.6 million Unfavorable

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ABC Company prepares master budget for the next year. The Company has the following data: Month Budgeted Sales May $46,000 June 50,000 July 52,000 August 48,000 The cost of goods sold percentage is 65% of sales and the desired ending inventory level is 25% of next month's sales at cost. What are the expected total purchases for June? Select one: a. $32,500 b. $17,500 c. $40,950 d. $32,825