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Revenue Variance Ha-Chin Yi delivers two-day statistical process control seminars for manufacturing workers. For each program, a $4,000 fee is normally paid. In Year 1,
Revenue Variance Ha-Chin Yi delivers two-day statistical process control seminars for manufacturing workers. For each program, a $4,000 fee is normally paid. In Year 1, Yi presented 30 seminars, and he budgeted a 30 percent increase in seminars for Year 2. At the end of Year 2, Yi is disappointed that his actual revenue is only $154,350. He presented 42 seminars during the year.
- What was Yi's expected revenue for Year 2?
- What were Yi's sales price and sales volume variances?
- Discuss why Yi did not receive his budgeted revenue in Year 2.
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