The manager at Jerome Mobility, Inc. reported the following information for 2017:

Actual Results Static Budget
Units sold 1,700 units 1,500 units
Revenues $221,000 $195,000
Variable costs Direct materials 70,000 60,000
Direct manufacturing labor 36,500 31,500
Variable manufacturing overhead 16,000 13,500
Total variable costs 122,500 105,000
Contribution margin 98,500 90,000
Fixed costs 51,000 50,000
Operating income $47,500 $40,000

What is the static-budget variance for operating income for Jerome Mobility Inc. for 2017?

John f. kennedy believed that a leader should be elected successful a lifelong student in the military

In order to be thoughtful about the implementation of security policies and controls, leaders must balance the need to with the impact to the business operations. doing so could mean phasing security controls in over time or be as simple as aligning security implementation with the business’s training events.

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)