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Miller Caf budgeted 3,000 covers to be sold for December and the average food cost per cover is $4.00. The actual sales were 2,900 covers
- Miller Caf budgeted 3,000 covers to be sold for December and the average food cost per cover is $4.00. The actual sales were 2,900 covers and average food cost per cover is $3.50.
- What is the amount of the Budget Variance? Determine the it is favorable or unfavorable. (2 points)
- What is the amount of the Cost Variance? Determine it is favorable or unfavorable. (2 points)
- What is the amount of the Volume Variance? Determine it is favorable or unfavorable. (2 points)
- What is the amount of the Cost-Volume Variance? (1 points)
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The International Corporate Governance System Audit Roles And Board Oversight
Authors: F. Lessambo
1st Edition
134947178X, 978-1349471782
