Answered: The restaurant projected 3,000 lunches…

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 $18,400. Determine the price-volume variance ($)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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 $18,400.
Determine the price-volume variance ($)

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