7. Determine the volume variance ($). Note: The Answer field only accepts numbers. Thus, do not include $ or commas when you type your answer. Type your answer as a whole number. Assume that your hotel has a restaurant. The restaurant projected 3,000 lunches to be sold for September at an average price of $5.50. The actual sales were 3,200 meals and food revenue of $18,400. Use the information above and the table below to solve the questions. Meals (# of units) Price/unit Total Revenue Budget 3,000 $5.5 ? Actual 3,200 ? $18,400
7. Determine the volume variance ($). Note: The Answer field only accepts numbers. Thus, do not include $ or commas when you type your answer. Type your answer as a whole number. Assume that your hotel has a restaurant. The restaurant projected 3,000 lunches to be sold for September at an average price of $5.50. The actual sales were 3,200 meals and food revenue of $18,400. Use the information above and the table below to solve the questions. Meals (# of units) Price/unit Total Revenue Budget 3,000 $5.5 ? Actual 3,200 ? $18,400
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 25E: Lowell Manufacturing Inc. has a normal selling price of 20 per unit and has been selling 125,000...
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7. Determine the volume variance ($).
Note: The Answer field only accepts numbers. Thus, do not include $ or commas when you type your answer. Type your answer as a whole number.
Assume that your hotel has a restaurant.
- The restaurant projected 3,000 lunches to be sold for September at an average price of $5.50.
- The actual sales were 3,200 meals and food revenue of $18,400.
- Use the information above and the table below to solve the questions.
Meals (# of units) |
Price/unit |
Total Revenue |
|
Budget |
3,000 |
$5.5 |
? |
Actual |
3,200 |
? |
$18,400 |
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