Budget Actual Variance Revenue 400,000 354,750 (45,250) U Quantity/Volume 8,000 8,250 250 Price per Flu Shot $50 $43 $7 If more flu shots were given than budgeted for, why was there less revenue? How much of the Total Variance is due to Price and how much is due to Quantity/Volume? Was Price or Quantity/Volume controllable?
Budget Actual Variance Revenue 400,000 354,750 (45,250) U Quantity/Volume 8,000 8,250 250 Price per Flu Shot $50 $43 $7 If more flu shots were given than budgeted for, why was there less revenue? How much of the Total Variance is due to Price and how much is due to Quantity/Volume? Was Price or Quantity/Volume controllable?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
|
|
Budget |
Actual |
Variance |
|
Revenue |
400,000 |
354,750 |
(45,250) U |
|
Quantity/Volume |
8,000 |
8,250 |
250 |
|
Price per Flu Shot |
$50 |
$43 |
$7 |
- If more flu shots were given than budgeted for, why was there less revenue?
- How much of the Total Variance is due to Price and how much is due to Quantity/Volume?
- Was Price or Quantity/Volume controllable?
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