compute revenue variance

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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 Master Budget Flexible Budget Actual Results Revenue         $50,000 $55,000 $45,000     Variable costs $20,000 $22,000 $20,000 Contribution margin  $30,000 $33,000 $25,000     Fixed costs $  7,000 $  7,000 $  5,500 Profit $23,000 $26,000 $19,500

Using the information above, compute revenue variance:

 
  1. $6,500 Unfavorable

     
  2. $6,500 Favorable

     
  3. $10,000 Unfavorable

     
  4. $10,000 Favorable

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