Prevo Products Inc has a $15,000 unfavorable flexible budget variance for July. Which of the following statements is true, if July's actual net operating income was $300,000?
A) Prevo's static budget must have showed a net operating income of $315,000.
B) Prevo's static budget must have showed a net operating income of $285,000.
C) Prevo's flexible budget must have showed a net operating income of $315,000.
D) Prevo's flexible budget must have showed a net operating income of $285,000.
C
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