Question
Following is a partial performance report. Description Budget Actual Variance Sales $25,000 $22,000 $? Cost of Goods Sold 20,000 17,600 ? Gross Profit 5,000 4,400
Following is a partial performance report.
Description Budget Actual Variance
Sales $25,000 $22,000 $?
Cost of Goods Sold 20,000 17,600 ?
Gross Profit 5,000 4,400 ?
REQUIRED:
Calculate the variances for this information and indicate whether they are favorable (F) or unfavorable (U).
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Auditing And Assurance Services
Authors: Timothy J Louwers, Robert J. Ramsay, David Sinason, Jerry R Strawser
1st Edition
0072954442, 9780072954449
