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What is the labour cost variance? The budgeted price for a steak sandwich is $15. If the restaurant sold 200 sandwiches and total revenue
What is the labour cost variance? The budgeted price for a steak sandwich is $15. If the restaurant sold 200 sandwiches and total revenue was actually $3,200, what is the price variance of the steak sandwiches? Charles Freedmen Inn is a small boutique hotel. The budgeted cost of housekeeping labour is $18 per hour, while the budgeted cleaning time per room is 30 minutes. Consider the following information: Actual minutes per room Actual rate per hour Actual rooms sold Calculate the housekeeping hours quantity variance. 26 $19 400 Husky Pub purchases its signature ale from a local custom brewery for $250 per keg. Husky can pour 120 pints per keg and sells them for $8 each. The pub budgeted to sell 1,440 pints in October but actually sold 1,420. It used 12.5 kegs in October and earned revenue of $11,218. required a) Calculate October's total sales price variance. b) Calculate October's cost variance for ale. c) Calculate October's quantity variance for ale. d) Calculate the total flexible budget variance.
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a To calculate Octobers total sales price variance we need to compare the actual revenue with the bu...Get Instant Access to Expert-Tailored Solutions
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