Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3 Help please, I need it please only 30 min Complete the variance analysis table below by: calculating the variance $ calculating the variance %
3 Help please, I need it please only 30 min
Complete the variance analysis table below by: calculating the variance $ calculating the variance % to 2 decimal places indicating whether the variance is Favourable (F) or Unfavourable (U) I = ITEM VARIANCE FAVOURABLE (F) BUDGET ACTUAL PREDICTION RESULT VARIANCE $ or UNFAVOURABLE (U) Cartage out 500 550 Rent expense 15,000 12,900 2,500 Electricity expense Credit sales 2,500 55,000 65,000 Fees revenue 145,000 150,000 Computer purchases Account receivable collections 20,000 13,400 11,500 1 BI EE $3 ITEM BUDGET ACTUAL VARIANCE PREDICTION RESULT VARIANCE FAVOURABLE (F) or % UNFAVOURABLE (U) Cartage out 500 550 Rent expense 15,000 12,900 Electricity expense 2,500 2,500 Credit sales 65,000 55,000 Fees revenue 150,000 Computer purchases Account receivable collections 145,000 20,000 13,400 11,500 Loan repayment 5,000 3,000 7,000 Drawings by owner 8,000 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started