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The snack bar at the Trojan sporting events was preparing an analysis of their budgeted results to their actual results but did not know how
The snack bar at the Trojan sporting events was preparing an analysis of their budgeted results to their actual results but did not know how to go about it. You, as an aspiring HGMT graduate were asked to provide assistance by preparing the appropriate variance analysis that would help in the decision making process. You have been provided with the following information to assist you in your analysis: Required: Complete the following chart. Budgeted customers to be served: 11,000 Budgeted average check per customer: $6.25 Total Sales Variance: Budgeted average cost per customer: $1.95 Sales Price Variance: Sales Volume Variance: Actual customers served: 11,250 Actual average check per customer: $5.95 Total Cost Variance: Actual average cost per customer: $2.05 Cost Variance: Cost Volume Variance: REQUIRED: "Created a legend of key monetary items for required variance analysis. "Provide a formal schedule to present both of the required variance analysis
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