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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
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
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