Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Based on the information provided, calculate the revenue variance percentage and determine whether it is favorable or unfavorable. Budgeted Actual Sales Volume 50,000 52,000 Sales
Based on the information provided, calculate the revenue variance percentage and determine whether it is favorable or unfavorable.
Budgeted | Actual | |
Sales Volume | 50,000 | 52,000 |
Sales Price | $15 | $13.5 |
Total Variable Costs | $320,000 | $350,000 |
Fixed Costs | $150,000 | $150,000 |
-6.8% unfavorable
6.4% favorable
6.8% favorable
-6.4% 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