Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 9 Below is an extract from the budget of a cycling shop in October. October Budget Actual Revenue Store Revenue Online Revenue Total Revenue

image text in transcribed

Question 9 Below is an extract from the budget of a cycling shop in October. October Budget Actual Revenue Store Revenue Online Revenue Total Revenue 22,000 6,000 C Expenditure Wages Stock Other costs Total Expenditure 8,000 6,000 2,000 O Store revenue was actually 5% higher than budget, whereas online revenue was 4/5 of the amount that had been budgeted. Wages were 500 higher than budget, whereas stock was 2% lower than budget. Other costs (actual) were 2,100. Complete the table and calculate the profit variance for October stating whether it was adverse or favourable

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

Step: 3

blur-text-image

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

More Books

Students also viewed these Accounting questions

Question

4. How has e-commerce affected business-to-business transactions?

Answered: 1 week ago