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I need help solving problem 8-28 using the template. lavorabie and TII 8-28. Donate Your Vehicle (DYV) is a chari that receives donations of old
I need help solving problem 8-28 using the template.
lavorabie and TII 8-28. Donate Your Vehicle (DYV) is a chari that receives donations of old cars and converts them into cash to be used for var- ious charitable purposes. DYV budgeted receipt of 300 cars but actually received one third more than expected. It sold the cars for $2,700 each, which was 10 percent below the budgeted price. What was the total revenue variance? Was it favorable or unfavorable? What are the two types of sub- variances that caused the total variance? ew View Help Tell me what you want to do F14 X-/ 11 Budgeted Mix B C K l 7 Total Vi Volume 300 Price 9 Budget 10 Actual #VALUE! #VALUE! #VALUEF - 12 13 14 Original Budget 15 Flex Budget 16 Budgeted Volume x Budgeted Mixx Budgeted Price Actual Volume x Budgeted Mix x Budgetd Price , ???? -#VALUE! 2?2? 90 x: 100% ' 100% : x ???? #VALUE! #VALUE! F ix -- 19 Volume Variance 21 Flex Budget 22 MA Budget Actual Volume x Budgeted Mix x Budgeted Pnce Actual Volume x Actual Mix x Budgeted Price 100% | x ???? -,#VALUE! 24 x ???? Mix Variance 100% -, #VALUE! x x 27 28 Since there is only one type of product, the mix variance must be zero 8-26 | 8-27 | 8-28 | 8-29 8-30 O Type here to search F14 400 Actual V Actual Volumex Actual Mix 32 Actual 400 400 45 8-26 8-27 828 8-29 8-30
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