Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A hairstyling salon owner constructed a flexible budget projecting 1,000 and 1,100 customers for the month of June. The owner expects 1,000 customers but hopes
A hairstyling salon owner constructed a flexible budget projecting 1,000 and 1,100 customers for the month of June. The owner expects 1,000 customers but hopes for 1,100 customers. Average sale per customer is $40. Costs include rent of $5,000; payments to hairstylists of $20 per customer; and overhead of $10 per customer. In June, the owner had 1,000 customers, and the actual revenue was $45,000 What was the salon's revenue variance? CORRECT YOUR ANSWER ANSWER $1,000 favorable $5,000 favorable $1,000 unfavorable $5,000 unfavorable
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