Loose Leaf For Managerial Accounting for Managers
Loose Leaf For Managerial Accounting for Managers
6th Edition
ISBN: 9781264445394
Author: Noreen, Eric, BREWER, Peter, Garrison, Ray
Publisher: McGraw Hill
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Chapter 9, Problem 9.15E
To determine

Concept introduction:

A variance indicates the difference between the standard amount and the actual amount of an item. The variances are used in the budgetary control techniques to evaluate the performance of the business. The variances can be divided into two categories; activity variances and spending variances. 

To calculate: Therevenue and spending variances.

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