FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prius Catering budgeted 5,200 covers to be served in October, and the budgeted price/cover was $8.20. The variance analysis shows that the company's actual sales

Prius Catering budgeted 5,200 covers to be served in October, and the budgeted price/cover was $8.20. The variance analysis shows that the company's actual sales revenue was $46, 800 in October. Given this information, what is the budget variance of sales revenue in October?

Group of answer choices

$4,160 (F)

$46,800 (U)

$46,800 (F)

$4,160 (U)

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

Accounting And Auditing Practices In Africa

Accounting And Auditing Practices In Africa

Authors: Mariaan Roos, Lesley Stainbank

1st Edition

1928357431, 978-1928357438

More Books

Students also viewed these Accounting questions

Question

★★★★★
An object is a distance 2 from a convex lens. (a) Use a ray diagram to find the approximate location of the image. (b) Is the image upright or inverted? (c) Is the image real or virtual? Explain.

Answered: 1 week ago

Question

★★★★★
5. Analyze how the factors of production Qabour, capi tal, entrepreneurs, natural resources, and information) work together for a product or service of your choice.

Answered: 1 week ago

Question

★★★★★
Identify the importance of footnotes to financial statements.

Answered: 1 week ago

Question

★★★★★
Cybernetics Inc. issued $60 million of 5% three-year bonds, with coupon paid at the end of every year. The effective interest rate at the beginning of Years 1, 2, and 3 was 8%, 5%, and 2%. Required:...

Answered: 1 week ago

Question

★★★★★
Prius Catering budgeted 5,200 covers to be served in October, and the budgeted price/cover was $8.20. The variance analysis shows that the company's actual sales revenue was $46, 800 in October....

Answered: 1 week ago

Question

★★★★★
Throughout your studies, you have heard of the "big names" of the organizations that impact accounting. But what do they really do? How do you know what the hot topics are? How are they influenced?...

Answered: 1 week ago

Question

★★★★★
A bicycle company is exploring which of the two following methods they should use to provide bicycle rack to its customers. A . making the rack on their own with intial cost ( fixed cost ) of 20000...

Answered: 1 week ago

Question

★★★★★
Capacity Management (Fall 2022) RCC currently has 15 coachers, including 10 champion coaches (e.g., ones won champion and/or hold master titles) who can teach all level classes: elementary,...

Answered: 1 week ago

Question

★★★★★
Describe the problem of medical errors in our delivery system. Evaluate the effectiveness of selected programs aimed at reducing medical errors in the U.S. healthcare system. Discuss one or more of...

Answered: 1 week ago

Question

★★★★★
HRA must be adopted in the organization: 1. A firm's balance sheet and profit and loss account cannot provide a fair picture of its operations unless all assets and assets, especially human...

Answered: 1 week ago

Question

★★★★★
1.Using the chart below, calculate the standard labor cost for the department assuming that cooks earn 500/hour, servers and cashiers earn 450/hour, and bussers and dishwashers earn 400/hour. You are...

Answered: 1 week ago

Question

★★★★★
2. How do the values of a cultural group influence communication with members of other cultural groups?

Answered: 1 week ago

Question

★★★★★
What is the orientation toward time?

Answered: 1 week ago

Question

★★★★★
4. How is culture a contested site?

Answered: 1 week ago

Previous Question Next Question