Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Now that you have learn about favorable variances. I would like you to list two examples of some personal variances. The first one is

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Now that you have learn about favorable variances. I would like you to list two examples of some personal variances. The first one is money coming in and the second one is money going out. Example: I made $50,000 last year and I expected to make $55,000. I had an unfavorable variance of $5000. I spent $3000 on eating out last year. However, I planned to spend $3600. This is a favorable variance of $600. Use personal examples. Your post is due by 11:55 pm ET on October 30, 2022. Grading Criteria Posts with less than 200 words will not be given credit. Points will also be taken off for spelling, grammar, and content.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

2nd edition

978-1119036357, 1119036356, 1118338413, 1118334264, 978-1118338414, 978-1118334263

More Books

Students also viewed these Accounting questions